bankESB offers a variety of construction / permanent loan options when you're planning on building a new single family home. We have the product to meet your homebuilding needs. Flexible terms and competitive interest rates make your payments affordable during the construction of your new home and after you move into your new home.
bankESB offers a construction loan with "interest-only payments" during the construction phase. Interest is only based on the portion of the loan as it is advanced. Upon completion of the home, the loan converts to a fully amortizing mortgage without the need of a second closing.
- One Closing
- Adjustable Rates
- Flexible Terms
- Zero Point Options