New Construction Financing

Lot Loans – You’ve found the perfect lot to build your dream home. Now what? A Lot Loan from Arbor Bank can help you secure the property while you plan your next steps.

Construction Loans – Typically a shorter-term loan that is used to cover the costs of building or remodeling your home. Construction Loans are different from traditional home loans in that they are structured to pay your builders in installments as work is completed and the loan amount is based on the projected value of the home once it’s completed.

Permanent Financing – Once your new home build is completed, it’s time to consider long-term financing. Since your Construction Loan allows just for the new construction up to the point of move-in, Arbor Bank can move you into a new mortgage loan that pays-off the remaining construction loan debt through a typical 15 to 30-year mortgage.