Ready to build your dream home? First Bank’s construction loans can help you make your project a reality.
Construction loans are designed to provide financing for the construction of a new home. Once the build is completed, the loan can be refinanced into long-term financing in the form of a conventional mortgage.
During construction, your interest payments are deferred, and cash distributions to cover the cost of construction are made directly to the contractor as key stages of the process are completed. Ready to build a new home for your family? One of our experienced lenders will be happy to discuss construction loan options with you.
Flexible downpayment options
Cover the cost of construction and convert to long-term financing on completion
Average time to closing: 4 weeks
Home Renovation Loans
Home renovation loans help you to make improvements or add on to your existing home. You can use the loan to make repairs, or make cosmetic improvements in order to save money on repairs in the future or add value to your property. Speak with a Lender today to learn more.