Construction
Hassle-free and flexible
12-months to build/complete your home
Allows borrower to be own general contractor
Unlimited number of draws
80% loan-to-value
Bath State Bank loan officer completes inspections
Payment made at Bath State Bank
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. Our loan officers even 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.
Eligibility for potential borrower:
- 12 months to build and complete your home
- 80% loan-to-value
- No minimum
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.