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FirstBank Construction Loans

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What is it?

Building a new home or constructing a new place for business can be a complicated process. Our experienced lenders will work with you on finding the best solution for your project.

Talk to a loan officer today at 1-800-964-3444 or visit any FirstBank location.   

What do I get?

  • Honesty
  • Low rates and fees
  • Fast service
  • 24/7 Live Call Center

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Personal Construction Loans

If you are building a home and need financing for construction. We have several loan types to consider.

  • Consumer Construction Loans

  • At FirstBank, you can borrow up to 90% of the costs associated with building your new home. The loan is structured as a line of credit with interest only payments, keeping your monthly payments as low as possible. Call one of our loan officers today to discuss a custom designed construction loan to help you build your dream.

  • Consumer Lot Loans

  • You want to build your dream home and you need to buy the land. FirstBank offers a variety of programs to help you buy land for future development. We'll help you in every phase of the transaction, from land acquisition through construction to your permanent loan.

  • Fixed Initial Rate Mortgages

  • Choose one of our Fixed Initial Rate Mortgages (FIRM's) products with an initial fixed rate of 5 or 7 years; or a 15 year fixed rate loan. We also offer extremely competitive rates and closing costs.

  • Single Close Construction Loans

  • This product allows you to construct and permanently finance your new single family, owner occupied primary or secondary residences with just one loan. You save money by avoiding two loan closings and the associated duplication of loan fees, closing costs, appraisals, etc... In addition, the uncertainty and interest rate risk incurred with two loans is eliminated since you are fully qualified and the interest rate is locked prior to beginning construction.

Business Construction Loans

Building a building for your business or as an investment property can be a complex process. It requires a combination of expertise between your builder, your lender, and you. We have several loan types to consider.

  • Commercial Construction Loans

  • FirstBank offers competitively priced loans to finance the construction of income-producing properties such as office buildings, shopping centers, warehouses, showroom space, apartment buildings or condominium buildings. The loans are serviced by a local relationship officer.

  • Residential Construction Loans

  • FirstBank offers construction loans to build speculation (spec) or pre-sold 1-4 family homes. The loans are competitively priced and serviced by a local relationship officer. Contact us today for more information.

At FirstBank, we understand that each loan applicant has different needs. We do not have a “one-size fits all” loan structure. Instead, we focus on listening to your ideas and coming up with a solution. We provide one-on-one customer service that you cannot get at other institutions.


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Give us a call at 1-800-964-3444 to speak to a loan officer today.

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