Construction Loans

Happy family holding child standing with home construction worker.

Build or remodel your dream home

If you’re planning to build a new home or renovate your existing home, come talk with your community bank. Salem Five’s local real estate development professionals are uniquely qualified to offer you the right mortgage loan plus sound advice on site selection, house design, local builders and management of the construction process. We've helped thousands of homeowners through this process, and we take pride in our knowledge, products, and commitment to customer service. We can help you with:

  • Construction to Permanent Loans, with one-step permanent loan financing and attractive fixed and variable rate options
  • Home Renovation Loans including a wide array of programs
  • Modular Home Loans, a specialized loan program for the construction of modular homes


Helpful Calculators

Articles of Interest

Homeownership
Tax Implications of Home Ownership

Owning a home carries several tax implications that you should know about before you decide to buy. The U.S. Tax Code provides a few tax benefits, including reducing your tax obligations ...

Homeownership
Key Mortgage Terms

Choosing to buy a home is a straightforward decision, but navigating the home loan process can be intricate, with many mortgage terms that might be new to you ...

Homeownership
Down Payment Assistance Programs

For those at the low-to-moderate-income level, the most substantial barrier to homeownership are the closing costs and a down payment associated with ...

Homeownership
How Home Construction Loans Work

Home construction loans provide families and individuals with the ability to finance new home construction projects ...