Construction Loans
Dreaming of a custom home? Let FSB help transform your paper plans into a real home with the expertise of our friendly lenders.
Summary
- Build your dream home affordably
- If the land is owned and some equity is assumed, FSB can finance 80% of the as-completed appraisal
- If the land is to be purchased with the construction loan, FSB can finance 80% of the as-completed appraisal or 90% of the hard costs, whichever is less
- Competitive fixed interest rates
- 12 month term with interest only payments
- Loan fees and closing costs can be financed into the loan
- Maximum 45% debt-to-income ratio to qualify
- Local decision making, underwriting and processing
