With Kennebunk Savings, you can easily roll the funding for the acquisition of this land, construction, and permanent structure into one transaction that is easy.

Our construction loan lets you lock into an interest that is fixed also before you break ground! Plus, we provide interest-only re payments through the phase that is initial of which can help you handle the expenses of alternative housing.

Start to see the Benefits

• Solitary loan closing at the start of construction can help you save time and money
• Finance as much as 90% for the worth of most of your residence
• Gifted land can be utilized as equity
• Interest-only re payment choices designed for 6, 9, or year
• Principal speedy cash payments start following the phase that is interest-only

Construction FAQs

just What do i have to begin the mortgage procedure?

You will require an agreement with a licensed builder, plans, specs, spending plan, along with your monetary packet. A little easier, we’ve put together a checklist of financial documents you will need to prepare for the loan process to make things. See our Home Loan Application Checklist.

could i be my personal contractor?

Yes. You can become your very own specialist. To take action, you have to demonstrate previous expertise in building a house or operate in a relevant trade that could help your capability to successfully finish the task. […]