Interested in buying a piece of land and having your dream home built? The construction-to-permanent mortgage allows you to to do it with maximum convenience. During the construction period (typically 12 months or less), the Bank works with you to advance construction funds for the builder or contractor. You pay interest only on the amount drawn. When the home is complete, the loan automatically converts to a conventional home mortgage loan, with monthly payments of principal, interest, and real estate taxes. Because you only have one loan closing, you save time and money. See our testimonials to find out just how easy it is. This program is also available on modular homes.  Let Needham Bank help you make informed financial decisions about your future. Contact one of our Commercial Loan Specialists by phone or email today! Charles Steele: (781) 474-5474 csteele@needhambank.com Annemarie Stanley: (781) 474-5470 astanley@needhambank.com Andrew Rafter: (781) 474-5478 arafter@needhambank.com Download the Commercial Loan Application