Construction Loans Made EASY.
You’re ready to build — and we’re ready to help. Lock in this low
construction loan rate and connect with one of our mortgage lenders.
We’ll make it easy to understand your options and take the next step
toward your new home.
construction loan rate and connect with one of our mortgage lenders.
We’ll make it easy to understand your options and take the next step
toward your new home.
*Rates are subject to change without notice and are based on a construction loan amount of $500,000. Loan must be for residential primary and secondary properties only and does not include remodels or refinances. Minimum credit score of 680 to qualify. Conforming loan amounts only and subject to credit approval. Property insurance required. Other terms and conditions may apply. The annual percentage rate of 7.623% is based on a $500,000 loan with 11 monthly interest-only payments of $1,724 and a final balloon payment of $501,724, assuming the full $500,000 is drawn. Total outstanding loan balance is due at loan maturity. Consult your tax advisor on the deductibility of interest. Contact bank for additional details.
The Institution ID number with the NMLS Registry is 409296 for First Bank & Trust, with locations in Milbank, Toronto, Vermillion, Canton, Garretson, Madison, Watertown, and White in South Dakota and Pipestone, Cambridge, East Bethel, Edina, New Prague, Princeton, and Roseville in Minnesota.