FDIC-Insured—Backed by the full faith and credit of the U.S. Government
CONSTRUCTION LOANS
Build your dream home. We’ll help.
Let’s build your dream home.
Skip the legwork and build an affordable home instead. Work with a local bank that offers competitively low rates and a quick, simple draw schedule for every stage of the build.
Enlist the help of an F&M Loan Officer to customize a personal loan for you.
COMPETITIVE RATES
On new home mortgage loans
CONSTRUCTION DRAWS
Applied in stages based on work completed. Pay interest* only on the funds you draw
FLEXIBLE TERMS
For primary residence or second home construction
LOCAL DECISIONS
And processing from start to finish
SIMPLE PERMANENT FINANCING
From construction to mortgage loan
*Interest may be tax-deductible. Please consult your tax advisor.
Why build vs. buy?
What if you do the legwork but don’t find the right home? Building has benefits, including more control, more energy-efficiency and less competition. A construction loan is short-term financing – typically one year – that covers the costs of building a house, from land to plans, permits, labor and materials. Once the build is complete, the construction line of credit will transition into permanent financing.
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