Construction Loans

Building your dream home requires the right team and the right ‘tools’. A Construction Loan from Community First Bank is one financial tool that makes the process easier. We have a quick disbursement policy for approved expenses that will make your contractor smile. Terms can be as long as 12 months with ‘interest only’ payments during the entire construction period. Upon completion, your construction loan can then be converted into a conventional mortgage loan.

Features & Benefits

• Designed for people who are building a home from scratch and need construction financing
• Competitive interest rates
• Interest only payments during term
• Fixed interest rate loan
• Draws are monitored against the balance of the cost to complete the project