Need help getting started? Give us a call at (409) 726-2126

Step 1: Compare Interim construction loan rates:

Rates effective August 17, 2021



20.17% APR*

Interest payments only during construction

Maximum LTV is 80%

*APR = Annual Percentage Rate. APR is calculated based on a loan amount of $100,000. Loan rates quoted are based on A+ credit rating. Actual rates will vary and are based on individual creditworthiness. Please call to verify listed rates and fees.

Step 3: Get Prepared for Your construction Loan.

Determine If Your Property Is Eligible

To qualify for an interim construction loan, your new house must be an owner-occupied primary residence, and the property type must be a one-unit, single-family detached home. A full-time general contractor must be used for the  construction of your home.

Gather Important Documentation

It is important to have the following documentation when applying for your loan:

  • Plans and specifications from your builder
  • The construction agreement with your builder that specifies the cost of your house including options and upgrades.
  • A deed to the land you're building on.

Obtain builder's risk Insurance

Provide a copy of a standard 12-month pre-paid builder's risk policy.  This protects you from financial responsibility for any damage, theft, or liability that may occur while your house is under construction.  Most builders pay this and will include it in their bid.

Manage Construction Cost Overruns

It's not uncommon to want to make changes or upgrades to the original house plans when building a new home. If this occurs during the construction, you must pay any cost associated with these changes.

Convert Loan to a Permanent Mortgage

Once we receive the proper documentation confirming the construction period has ended for your house, we will convert your construction loan into the permanent mortgage you have chosen. Transferring your loan is easy. Plus, you'll enjoy no duplicate closing costs!

Ways To Pay Your Loan


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Meet Our Mortgage Team


Sandra Bickham

VP Mortgage Lending
(409) 726-2107


Susan Benoit

Mortgage Operations Manager
(409) 726-2115


Sandra Flanigan

Senior Mortgage Lender
(409) 726-2104


Sandy Ferrell

Senior Mortgage Lender
(409) 726-2106


Holly Barlow

Mortgage Loan Processor

Get answers to frequently asked questions

Download our free Home Building Guide

It breaks down the building process step by step! Inside you'll learn how to calculate what you can afford, work with a builder, get your construction loan, and more!

Home Building Guide