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Construction Loans

From the blueprints to the finished product, Simsbury Bank can help finance the construction costs of building your new home. Our mortgage loan advisors are here to help create a mortgage loan plan that works for you.

A Simsbury Bank Construction Mortgage offers:

Convenience

A single consolidated loan for land and new construction costs – there is only one closing. Once your project is complete your loan will convert into a traditional mortgage.

Flexibility

Refinancing options for homes that need significant improvements

Options

A variety of interest rate options, including:

  • 10-, 15-, 20- and 30-year fixed rate terms
  • 1/1, 3/1, 5/1 and 7/1 adjustable rates

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