Construction Loans at FSB
Franklin Savings Bank has a great Construction Loan program for qualified self-contractors.Single Closing Costs:
The Construction Loan Kit will help you gather your information, put your plans down on paper and get the ball rolling on your new home. We have tried to address the major expenses on our Construction Budget form, but your actual needs may vary. Be realistic in your budget estimates. The closer you are to the actual cost, the more smoothly your project will flow.
You may also find it easier to use a CAD program to design your home or purchase a set of plans. Consult your local lumber yard or public library to find out what might be available. The Internet can also be a great source for tried and true floor plans. As a community bank, we recommend you look first to the local businesses when seeking supplies. When you’re a self-contractor, sometimes your best friend can be the local lumber yard or hardware store. Check our web page for more information on local supply sources and municipalities:
Checklist:The following items may be requested when you come in to see your Franklin Savings Bank lender: (Please call for an appointment to be sure a lender will be available when you come in.)