Residential Construction Loan

Build your perfect home from the ground up

From perfecting your budget to moving into the home you have always envisioned, Putnam County Bank’s construction loan has you covered. To make it easy as possible, you can purchase land or use land you already own, which can be instant equity*. PCB is one of the only local banks that offer a one-time closing with a 12-month building phase and offer various rates and terms to suit your needs.

*Subject to appraised value.

Please note that all homes must be on a permanent foundation.

mortgage application

key features

one-time closing

The convenience of one closing saves you time and money. No other costs when it converts to a mortgage loan.

EASY DRAW PROCESS

Our in-house construction managers will monitor the build with no extra cost per visit or draw limits.

CHOOSE YOUR CONTRACTOR/BUILDER

Want to work with a contractor you trust? As long as they are licensed and insured, you are good to go!

⭐⭐Ask about our BLUE-N-GOLD Bundle Banking ⭐⭐

GET STARTED TODAY!

Term	Interest Rate	APR
5/30	5.5%	5.632%
10/30	5.625%	5.758%
15/30	6%	6.136%

The chart above is based on a origination fee of 0.5% with a loan amount of $250,000.00, at least a 15% down payment, $500 construction fee, and common fees associated with loan closing. Interest rates and fees are subject to change without notice. We offer various loan options; depending on which product you apply for, your APR may vary.

*Additional fees/Conditions may apply.

*All loans are subject to credit approval.

*All rates & terms are subject to change without notice.

Documents Required: