Construction Loans
Building your new home can be an overwhelming process because there are so many decisions to make. From the floor plan to the color of your cabinets the choices seem endless. OSB specializes in new construction loans, making the financing part of your decision stress free!
We offer single close construction financing so that your construction loan and mortgage loan are all closed in one transaction, saving you time, money and stress.
Construction loan payments are interest-only during the term of the loan and all draws are handled locally. Our loan officers have decades of experience and have built strong relationships with the local building community, ensuring that your build, from beginning to end, goes smoothly.
Let our team help you build the home of your dreams.
Lot Loans
- Use for vacant land or land purchased to build a home.
- Easy payment terms
- Competitive interest rates
New Construction Loans
- Low down payment options
- One closing, one set of closing costs
- Interest only during the construction phase
- Construction loan converts to a permanent loan after construction
Ready to get started? Apply below or contact a loan officer at a branch near you!
Apply Now!
Please Note: OSB Community Bank is committed to protecting your privacy and ensuring your private information is secure. For your protection, please do not send sensitive information such as account numbers, Social Security Numbers or private information through email.
All loans subject to credit approval. Other requirements and restrictions may apply. Interest rate and program terms are subject to change without notice. Property must be a single family owner-occupied residential property. Please see a bank representative for more information. NMLS#403014