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:
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.
Refinancing options for homes that need significant improvements
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