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Are you planning to build a home in Southern Wisconsin or Northern Illinois? At First National Bank and Trust (FNBT), we’ll treat you like family. FNBT is a local, family-focused community bank headquartered in Beloit, WI.

When you apply for a Construction Loan in Wisconsin or Illinois with us, decisions are made in-house and we're committed to providing you with the highest level of customer service. If you’d like to get an idea of how much home you can afford or what your payments might be, check out our home loan calculators. Got 15 minutes? We can get you pre-qualified now!

What Is A Construction Loan?

A construction loan is a short-term loan that covers only the costs of custom home building. This is different from a mortgage, and it’s considered specialty financing. Once the home is built, the prospective occupant must apply for a mortgage to pay for the completed home.

Construction-Only Loan

This type of loan is short-term and is usually issued for a year. It’s meant to cover only the actual construction period.

Construction-To-Permanent Loan

Construction-to-permanent loans are a financing option that prospective custom home builders can apply for. Like construction-only, construction-to-permanent financing are one-time loans that fund construction and then convert into a permanent mortgage. During the construction phase, borrowers make interest-only payments.

Apply Now For A Construction Loan! 

Home is where dreams are made. Ready to apply for a Construction Loan? Use our easy loan calculator to estimate your monthly mortgage payment. Start your pre-qualification online now, check our loan rates, or Apply Now to get started! To meet one-on-one with a lender, or apply in-person, visit any of our convenient locations in Argyle, Beloit, Clinton, Elkhorn, Delavan, Darien, Walworth, Janesville, Monroe, and Williams Bay, WI and Winnebago, Roscoe, and Rockton, IL.     


Apply Now