Construction Loans

Franklin Savings Bank›Personal Banking›Loans›Construction Loans

A loan to build your dream home

Our construction loan options offer fixed rates, a single closing upfront, interest-only payments for the first 12 months, and much more. Build your dream with us, your hometown bank.

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Why keep your construction loan local?

  • Single closing upfront and no additional fees to stay in a 15, 20, or 30-year mortgage
  • Fixed rates up to 30 years
  • Interest-only payments for the first 12 months
  • Up to 25 draw requests for no additional charge
  • No prepayment penalty
  • Borrow up to 89% of the “as complete” appraised value with the use of one General Contractor, subject to underwriting requirements
  • Disbursements handled at your local branch

How to get started

Our team is here to help guide you through securing your construction loan. It takes just three easy steps.

Step 1

Fill out the form at the bottom of this page and our team will be in touch.

Step 2

We’ll provide you a checklist of all the information you’ll need for your loan approval.

Step 3

Once we have the information needed, we’ll let you know if you’re approved and get you on your way to building your dream.

What your neighbors are saying

“You are a great banker, and most importantly, a wonderful person!! Thanks for your support and attention to my loan process.”

– Sue K., New Sharon

“Thank you so much for making this process as painless as possible!”

– Jenny G., Portland

“[Chrissy] served with great patience and professionalism in negotiating our construction loan.”

– Jan C., Wilton

Meet Our Lenders

Residential Lenders

Talk with our team

Fill out the form below, and one of our lending experts will be in touch with you in 1-2 business days.

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