Construction Loans

Have you found the perfect floor plan for a custom-built home? Our construction loan programs offer solutions to make your vision a reality.

While your home is under construction, we monitor the progress and provide the funds to your builder. With a system of reliable and consistent disbursements in place, you’re more likely to see steady and efficient building progress. Once your home is complete, you’re able to convert the loan to a permanent mortgage with competitive rates and no origination fee.¹

We offer two construction loan programs to meet your needs.

One-Time Close Construction Loan

• Up to 80% financing available
• A single closing to save you time and money
• Lock in your permanent mortgage rate during the construction phase
• No origination fee on your permanent mortgage
• Interest only payments during the construction phase
• Flexible terms
• No charge for periodic inspections²
• Special rate discount to customers with automatic payments from a Fidelity Bank account

Two-Time Close Construction Loan

• Up to 90% financing available
• Competitive rates with fixed and adjustable options
• No origination fee on your permanent mortgage
• Interest only payments during the construction phase
• Flexible terms
• Extended rate-lock options
• No charge for periodic inspections²

Ready to get started?

Talk to us about the construction process. Your future home awaits.

_{1 An origination fee will apply for the construction loan. 2 No charge for periodic inspections within 40-miles of a Fidelity Bank branch. An inspection fee of approximately $75 will apply for homes more than 40-miles away from a Fidelity Bank branch.}

_{The above information for the one-time close construction and permanent loan assumes a sales price/construction cost of $600,000 at 80% LTV with a minimum of a 720 credit score on a 7/1 adjustable rate loan. The APR is 5.34% as of 6/8/22. The above information for the two-time close construction and permanent loan assumes a sales price/construction cost of $500,000 at 90% LTV with a minimum of a 720 credit score on a 30 year fixed conventional loan. The APR is 5.978% as of 6/8/22. These are examples only and not a commitment on rate or loan approval. Credit approval required. Programs are available to qualified borrowers only. Programs are subject to change without notice. Some restrictions apply.}