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Construction Loans

Building your dream from the ground, up.

Meet Your Hometown Lenders Apply Now for a Construction-to-Permanent Loan for a construction loanApply Now for a Construction End Loan for a construction loanBorrower Portal to access your application

Finance your dream home with a strong foundation.

Construction-to-Permanent

One Close. One Rate. For new construction and renovation loans.

  • Extended lock period of 6 months prior to one-time close
  • Take up to twelve months to complete construction
  • Interest-only payments during the construction period
  • Fixed and Hybrid adjustable-rate mortgage (ARM) rate options available

Construction End Loan

  • For new construction financed by a builder, our construction end loans offer extended rate locks
  • Options available for large home improvement projects conducted by a licensed and insured general contractor

Meet Your Local Mortgage Lenders

At Windsor Federal Bank, we live, work, play, and serve in our local communities.

We understand it is more than a house – it’s your home. That’s why our mortgage lenders offer a highly personalized mortgage loan experience. Our dedicated experts have helped thousands of families and individuals realize their dreams of homeownership and real estate investment goals. 

Talk to a hometown lender today!

Construction-to-Permanent Mortgage Loan Rates

Construction-to-Permanent – Fixed Rates

As of 5/31/2025

Rates and disclosures for Construction to Permanent – Fixed Rate Mortgages
ProductInterest RateAnnual Percentage Rate (APR)* Payment per $1,000**Example Payment**
Product30 Year Fixed Rate LoanInterest Rate6.500%Annual Percentage Rate (APR)* 7.073%Payment per $1,000**$5.42 (interest only – construction phase) $6.32 (principal and interest – permanent loan phase)Example Payment**A loan amount of $250,000 will have 12 monthly payments up to $1,354.17 of interest only during the construction phase of the loan, followed by 360 fixed principal and interest monthly payments of $1,580.17 during the permanent phase of the loan.
Product15 Year Fixed Rate LoanInterest Rate6.000%Annual Percentage Rate (APR)* 6.852%Payment per $1,000**$5.00 (interest only – construction phase) $8.44 (principal and interest – permanent loan phase)Example Payment**A loan amount of $250,000 will have 12 monthly payments up to $1,250.00 of interest only during the construction phase of the loan, followed by 360 fixed principal and interest monthly payments of $2,109.64 during the permanent phase of the loan.

**Payment examples do not include escrow of taxes and insurance; therefore, the actual monthly payment obligation may be greater.

The following applies to mortgage products listed above:

*APR is based on a set of assumptions, which include the following:

  1. A loan amount of $250,000
  2. A loan to value of 80% of the cost to construct and purchase price of land
  3. A 1-4 family Residential Dwelling
  4. A property intended to be constructed as your primary place of residence or second home
  5. Points and fees apply and very based on product

Please contact one of our mortgage experts about our:

  1. First time Homebuyer Rates
  2. Jumbo rates for loan amounts greater than $806,500
  3. 1-4 Family Residential Investment Properties
  4. Other rate and point options

Actual rate may vary based on property type, occupancy, term, and geography. 

The interest rate of the product for which you apply will not increase after consummation.

Combined Loan to Value (CLTV) up to 90% are available for certain mortgage products, property types and loan amounts.  

Hazard Insurance (flood insurance, if applicable) is required.

This is not a commitment to lend; all loans are subject to credit approval and other criteria.

 

Rates are subject to change without notice.

 

Construction-to-Permanent – Adjustable Rates

As of 5/31/2025

Terms and rates for Construction to Permanent – Adjustable Rates
ProductInterest RateAPR (Annual Percentage Rate)*TermPayment per $1,000**
Product10-Year/6-Month Adjustable RateInterest Rate6.000%APR (Annual Percentage Rate)*6.968%Term372 monthsPayment per $1,000**$5.00 (interest only – construction phase) $6.00 (principal and interest – years 2-11 of the permanent loan phase)

 

**Payment Example (10-Year/6-Month Adjustable Rate): A loan amount of $250,000 with an interest rate of 6.000% and an APR of 6.968% will have a monthly interest only payment up to $1,250.00 for year 1 followed by a monthly payment of $1,498.88 for years 2-11. For years 12-31, interest rate and payments may change once every 6 months based on any decrease or increase in the Secured Overnight Financing Rate (SOFR) index as outlined in your agreement.  Your monthly payment during years 12-31 can range from $1,160.29 to $2,159.48 due to this factor.  Taxes and insurance are not included; therefore, the actual payment obligation may be greater.

The following applies to mortgage products listed above:

*APR is based on a set of assumptions, which include the following:

  1. A loan amount of $250,000
  2. A loan to value of 80% of the cost to construct and purchase price of land
  3. A rate floor of 3.000%
  4. A margin of 3.000% and lifetime rate cap of 5.000% (This means the rate will not increase by more than 5.000% over the life of the loan)
  5. A 1-4 family Residential Dwelling
  6. A property intended to be constructed as your primary place of residence or second home
  7. Points and fees apply

Please contact one of our mortgage experts about our:

  1. First Time Homebuyer rates
  2. Jumbo rates for loan amounts greater than $806,500
  3. 1-4 Family Residential Investment Property rates
  4. Other rate and point options

Actual rate may vary based on property type, occupancy, term, and geography. 

Rates advertised are a variable rate and may change every 6 months after the initial 10-year fixed period. The interest rate will be determined by adding the index to the margin. 

Combined Loan to Value (CLTV) up to 90% are available for certain property types and loan amounts.

Hazard Insurance (flood insurance, if applicable) is required.

This is not a commitment to lend; all loans are subject to credit approval and other criteria.

Rates are subject to change without notice.

Construction End Loan Rates

Construction End Loan – Fixed Rates

As of 5/31/2025

Rates and Disclosures for Construction End Loan – Fixed Rate
ProductInterest RateAnnual Percentage Rate (APR)*Payment per $1,000**Example Payment**
Product30 Year Fixed Rate LoanInterest Rate6.500%Annual Percentage Rate (APR)*6.631%Payment per $1,000**$6.32Example Payment**A loan amount of $250,000 will have 360 fixed principal and interest monthly payments of $1,580.17
Product15 Year Fixed Rate LoanInterest Rate6.000%Annual Percentage Rate (APR)*6.206%Payment per $1,000**$8.44Example Payment**A loan amount of $250,000 will have 180 fixed principal and interest monthly payments of $2,109.64

The following applies to mortgage products listed above:

*APR is based on a set of assumptions, which include the following:

  1. A loan amount of $250,000
  2. A loan to value of 80% of the cost to construct and purchase price of land
  3. A 1-4 family residential dwelling
  4. Other term options
  5. A property intended to be constructed as your primary place of residence or second home
  6. Points and fees apply and very based on product

**Payment examples do not include escrow of taxes and insurance; therefore, the actual monthly payment obligation may be greater. 

Please contact one of our mortgage experts about our:

  1. First-time Homebuyer rates
  2. Jumbo rates for loan amounts greater than $806,500
  3. 1-4 family residential investment properties
  4. Other rate and point options

Actual rate may vary based on property type, occupancy, term, and geography.

The interest rate of the product for which you apply will not increase after consummation.

Combined Loans to Value (CLTV) up to 80% are available for certain mortgage products, property types, and loan amounts.

Hazard Insurance (flood insurance, if applicable) is required.

This is not a commitment to lend; all loans are subject to credit approval and other criteria.

Rates are subject to change without notice.

As of 5/31/2025

Terms and rates for Construction End Loan – Adjustable Rates
ProductInterest RateAPR (Annual Percentage Rate)*TermPayment per $1,000**
Product10-Year/6-Month Adjustable RateInterest Rate6.000%APR (Annual Percentage Rate)*6.589%Term360 monthsPayment per $1,000**$6.00

**Payment Example (10-Year/6-Month Adjustable Rate): A loan amount of $250,000 with an interest rate of 6.000% and an APR of 6.589% will have a monthly payment of $1,498.88 for years 1-10. For years 11-30, interest rate and payments may change once every 6 months based on any decrease or increase in the Secured Overnight Financing Rate (SOFR) index as outlined in your agreement.  Your monthly payment during years 11-30 can range from $1,160.29 to $2,159.48 due to this factor.  Taxes and insurance are not included; therefore, the actual payment obligation will be greater.

The following applies to the mortgage product listed above:

*APR is based on a set of assumptions, which include the following:

  1. A loan amount of $250,000
  2. A loan to value of 80% of the cost to construct and purchase price of land
  3. A rate floor of 3.000%
  4. A margin of 3.000% and lifetime rate cap of 5.000% (This means the rate will not increase by more than 5.000% over the life of the loan)
  5. A 1-4 family Residential Dwelling
  6. A property intended to be constructed as your primary place of residence or second home
  7. Points and fees apply

Please contact one of our mortgage experts about our:

  1. First Time Homebuyer rates
  2. Other term options
  3. Jumbo rates for loan amounts greater than $806,500
  4. 1-4 Family Residential Investment Property rates
  5. Other rate and point options

Actual rate may vary based on property type, occupancy, term, and geography. 

Rates advertised are a variable rate and may change every 6 months after the initial 10-year fixed period. The interest rate will be determined by adding the index to the margin. 

Combined Loan to Value (CLTV) up to 80% are available for certain mortgage products, property types and loan amounts.

Hazard Insurance (flood insurance, if applicable) is required.

This is not a commitment to lend; all loans are subject to credit approval and other criteria.

Rates are subject to change without notice.

For your convenience

Calculate your estimated mortgage payment. See how your new housing payment would fit into your budget. All right here.

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