Construction / Rehab / Lot Loans

Carroll Community Bank’s Construction Loan Program provides customers who are building homes the flexibility of a double-close loan with the ease and benefits of a single-close loan. Construction financing commonly involves two loans: one interim construction loan for the building of the home and one permanent loan for the completed home. Our Construction Loan Program streamlines the mortgage process to save time, provides flexibility and provides pricing options that can offer peace of mind in a changing rate environment.

Our Construction Loan Program offers:

  • Simplicity- Secure financing with one application, one appraisal and one approval process.
  • Convenience- You can buy the land, close your construction loan and secure permanent financing.  
  • Flexibility- Available as fixed- or adjustable-rate.

Kim Heffner
NMLS# 783540
443 255 6944
kheffner@carrollcobank.com

Deposit Rates
(Annual Percentage Yield)
Personal Savings Accounts
Basic Savings.05%
Power Savings.05 to .25
Kids Count Savings.05
Personal Money Markets
Classic Money Market**.05 to .40
Select Money Market.05 to .40
Personal Checking Accounts
Free Checkingn/a
Student Checkingn/a
Advantage Checking.02
Platinum Checking.05 to .20
Senior Checking.10
Premium Power Package Account.75
Certificate of Deposit / IRA CDs
6 Month CD.50
12 Month CD.60
15 Month CD.75
18 Month- Add On CD***.70
24 Month CD Penalty Free.90
30 Month CD.90
36 Month CD1.10
48 Month CD1.30
60 Month CD1.55
Statement IRA****.30
Special 13 Month CD*****2.05
Special 25 Month CD*****2.15
****A penalty may be imposed for early withdrawal on individual retirement accounts
*****Limited Time Offer. The 13-Month Special CD will automatically renew for a 12 month term from the initial and each succeeding maturity date at the interest rate then being offered by us for your type of account. The 25-Month Special CD will automatically renew for a 24 month term from the initial and each succeeding maturity date at the interest rate then being offered by us for your type of account.