Construction Loan Special

Need a Construction Loan?

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Check mark iconOne-time closing process
Check mark iconRate can lock at the time of application
Check mark iconInterest only payments for up to 9 months
Check mark iconUp to 30 year payment terms


Check mark iconOne set of closing fees
Check mark iconLand purchase can be included in construction loan
Check mark iconChoose the mortgage product that suits you best
Check mark iconExtended construction period on certain products           for custom builds

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Offer available on first mortgage single family construction, owner occupied residential loans up to 90% loan to value (LTV). Construction term of 9 months unless extended for custom build on certain products with CSB’s express prior authorization. Principal and interest payments start upon earlier completion of construction or 9 months. Buyers are charged interest on funds as they are drawn to build during construction. Normal construction loan fees apply for a one-time closing process. $1,000 off closing costs will be included as a lender credit. Permanent financing at the end of the construction can be fixed or variable rate depending on loan product chosen. Typical example: A $200,000 construction price with a 20% down payment results in a $160,000 loan and a construction period Annual Percentage Rate (APR) of 5.524%. This would require an average interest payment of $362.59 per month during the draw period. After the construction period, the 30 year fixed rate permanent financing based on an APR of 5.524% would result in a monthly principal and interest payment of $895.95. Taxes and insurance are not included, your actual payment obligation may be higher (APRs are accurate as of 5/23/22). All loans are subject to CSB underwriting guidelines. Homeowners insurance required and flood insurance where necessary. Escrow may be required. Escrow is required when property is located in a flood zone. Rates, program terms, and conditions are subject to change without notice. Offer expires September 30,2022.