Whether you’re building or renovating, you can leverage our expertise in the construction industry to safely turn your vision into reality.
A Construction-to-Permanent Mortgage saves you time and money, because you'll have only one loan application and closing.
Benefits & Features
One Closing and Loan Process
Most other banks would require two separate processes, but we wanted to make your life easier. During the construction period, you’ll only pay interest on funds drawn. When your home is complete, the loan automatically converts into a conventional mortgage.
Your Choice of Products
Choose from Fixed or ARM products. Your dedicated lender will make sure the loan is right for you and will fully cover all your needs.
No Maximum Loan Amounts
No matter how big your project is, we can help you cover it. Construction funds must be a minimum of $100,000.
Construction-to-Permanent Mortgage Highlights
Serving Our ClientsBuilding Your Dream Home with a Construction Loan
Thinking about building a new house or renovating an existing home? Learn about construction loans from Needham Bank and get closer to your dream home.Learn more about Building Your Dream Home with a Construction Loan
A construction to permanent loan is a residential mortgage loan that combines the construction phase with a fully amortized mortgage so that you only have to attend one closing.
To apply for a construction to permanent loan, please contact one of our team members.
You may choose either a 5/1 ARM, 15 or 30 year fixed rate loan..