Construction Loans

Best Place, Best Rates, Best Terms…

Thinking of Building?

Ask About Our Construction Mortgage*

Patriot can help you save with simple Construction/Permanent financing:

  • Six-month construction phase
  • A wide range of end loan financing options available, including fixed rates up to 30 years.

Plus, our first mortgage loans have:

Apply today

You can also check out the home loans section of our learning center blog for tips on buying, selling, and renovating homes.

*Construction loan is available for first mortgages only. Maximum loan to value (LTV) is 95% up to $417,000. Sample construction mortgage of $150,000: Interest only payments on the principal amount drawn at a rate of the Prime Rate plus a margin of 1% for 6 months. 30 year fixed rate mortgage sample loan terms: Loan amount $150,000, interest rate of 3.990% (APR of 4.103%), Principal and Interest payments of $715.26. Escrows for Taxes, insurance and mortgage insurance are not included. Mortgage insurance is required for any loan in excess of 80% LTV.
Builder/Contractor must meet approval guidelines. All loans subject to credit approval.
Additional terms and programs available, call for details.