New Construction Home Loan Special

Are you ready to turn those plans into your home? Available for a limited time, Bank Forward’s New Construction Home Loan Special offers a 2.99% interest rate (5.75% APR*).

Fast, Friendly, Local – Home Loans Done Right

Our Mortgage Team is ready to help you build your new home. The New Construction Home Loan Special is a short-term loan (12 months or less) with interest-only payments during the home construction period. The funds are disbursed to your builder as the work progresses, and your monthly interest-only payment is based on the loan funds distributed to date.

When your home is complete, our team can work with you to refinance the construction loan to a conventional fixed-rate or an adjustable rate-mortgage loan that meets your needs.

Contact a Mortgage Loan Professional Today or Visit Our Mortgage Center

*Fixed annual percentage rate (APR). Applies to credit qualified customers for new construction of a primary or secondary residence only. Manufactured and investment homes are not eligible. Minimum 20% down payment. Maximum 12-month with interest-only payments. Additional terms and conditions may apply. See a loan officer for details.

Example: A $200,000 loan with $100,000 advanced with a 12-month term results in 11 monthly interest-only payments of approximately $249.17 and a balloon payment of $200,249.17. Payments don’t include property taxes or hazard insurance, and the actual obligations will be greater.