Building a house is a daunting task; however, our experienced loan officers will provide assistance to individuals in securing the necessary funds to make dreams come true. A construction loan is a mortgage that funds the construction of a new home. Once the loan is set, the borrower has unlimited number of draws. Our construction loan program is hassle-free. In addition, Bath State Bank has an in-house person who can complete the inspection.
Bath State Bank is a popular lender for construction loans. We allow the borrower to act as their own general contractor. The borrower has 12 months to build and complete the home. A few items to note include:
Hassle-free and flexible
12-months to build/complete your home
Allows borrower to be own general contractor
Unlimited number of draws
Bath State Bank loan officer completes inspections
Payment made at Bath State Bank
Eligibility for potential borrower:
12 months to build and complete your home
Information needed to process your construction loan:
Paycheck stubs — most recent two pay periods
Tax returns — past two years
Assets — past two months statements of savings, checking and investment accounts
More details will be provided upon an appointment with a Bath State Bank loan officer.
For more information, please call David or Melanie 765-732-3147 or Jason and Laura at 765-732-3022. Toll free at 800-463-7464.