Construction Loan
If you are building a new home or expanding upon an existing one, we have flexible loan programs available to fit your specific needs. Construction loans have unique features, and we will carefully guide you to get the most from your arrangement.
SBI will provide expert oversight throughout the project, working with all parties involved through completion. Best of all, we can pre-qualify you to convert the construction loan to an end mortgage, saving you on separate closing costs.
- Summary
- Specialized expertise
- Local decision-making
- SBI oversight with all parties of construction
- Available for lot purchase
- Loans on new construction up to 80% LTV
- Available for residential additions
- General contractor financing available
- Can convert to end mortgage, saving on closing costs
