Financing your dream
Build the house of your dreams from the ground up with a Standard Bank Construction Loan.
Building a new home should be a pleasant experience. We have years of experience and expertise in this area. You bring a qualified builder, plans and specifications and we’ll supply the financing.
About Construction Loans:
- At Standard Bank, the construction process is affordable because you pay interest only on the loan amount that you use during construction. Now that’s affordable!
- When the house is completed, your loan will automatically convert to a permanent mortgage loan with regular mortgage payment due the first of the month following the month of completion. All you need to do is move in!
Permanent Mortgage Loan options include different rate structures:
- Fixed Rate Loans have a fixed interest rate for the life of the loan. This allows for easy budgeting because the payment is always the same.
- Adjustable Rate Loans usually have a lower start rate than fixed mortgage loans. You will know how much the rate can adjust over the life of the loan and the maximum amount you would have to pay in the future. If you think you will only be in the house for a few years or feel that interest rates may go down, then this may be the loan for you.
Have a Complex Situation?
Even if you have an out of the ordinary situation, we have all kinds of solutions to still make your dream come true. We have custom options to help simplify the process.
Contact one of our mortgage experts to discuss your options today:
|615325||Lisa Braverso||(412) 856-0354||Monroeville Office|
|615138||Linda Daley||(724 ) 327-0010||Murrysville Office|
|615142||Erin Ansell||(724) 238-6655||Ligonier Office|
|615131||Carolyn Tlumack||(724) 834-2060||Greensburg Office|
|615132||Alina Mehalic||(724) 547-7515||Mt. Pleasant Office|
|615135||China Pulido||(724) 547-0886||Walmart (Mt. Pleasant) Office|
|615136||Melissa Leydig||(814) 842-3294||Hyndman Office|
|615137||Mary Jo Hixson||(724) 887-7900||Scottdale Office|
|615143||Rob Lewis||(301) 729-3738||LaVale Office|
|458211||Jane Flaherty||(412) 856-0358||All Areas|
|462615||Lois McFarlane||(412) 856-0358||All Areas|
We would like you to take our Home BuyAbility Test. It will help you find out how much home is right for you, so you can feel more comfortable when you apply for your mortgage loan with us.
Once you know approximately how much home is in your price range, use the guide below or our convenient Mortgage Loan Calculator to estimate your monthly payments based on the principal and interest. Closing costs are normally paid in a lump sum at the time you take out the loan. Other annual costs such as taxes, insurance and mortgage life insurance are also not included on the chart, but may be added to your monthly payments.