Home Construction Loans

Your dream home starts with the right financing, and Farmers Bank of Willards is here to help, every step of the way. As your community bank, we understand the Eastern Shore and its land, its builders, and what it takes to bring a custom home to life here. We offer two construction loan options to choose the one that fits your plans.

Construction to Permanent Mortgage

Looking to build your dream home? We offer a unique product designed to save you money. Our construction-to-permanent mortgage provides a 10 month interest only period to build your home, followed by a fully amortizing mortgage. This consumer-friendly feature eliminates the need for two closings, which can save you thousands of dollars in closing costs.

No Application Fee
Finance up to 100% of construction costs, depending on equity available in your lot
Competitive fixed rates
Interest-only payments during construction period
Level principal and interest payments once construction is complete

Apply Now

Farmers Bank of Willards main office front desk

Construction Only

Have permanent financing secured already? Not a problem. We can work with any mortgage broker to finance the construction of your new home. We offer a 10 month interest only construction loan to complete the build and will coordinate with your broker to convert your mortgage once construction is complete.

No Application Fee
Finance up to 100% of construction costs, depending on equity available in your lot
Competitive fixed rates
Interest-only payments during construction period

Apply Now