Planning to build a home in Southern Wisconsin or Northern Illinois? At First National Bank and Trust (FNBT), we're Always Here to help you lay the foundation—literally. As a local, independent bank headquartered in Beloit, Wisconsin, we offer personalized support and local decision-making to make your construction loan process smooth and strees-free.
When you apply for a Construstion Loan with us, you'll work with a team that's committed to delivering responsive service and real solutions—because we know how important this step is for you. Want to get a head start? Use our home loan calculators to explore affordability and payments—or get pre-qualified in just 15 minutes!
Calculate a Mortgage PaymentWhat 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.