CONSTRUCTION LOANS / RENOVATION LOANS / LOT LOANS
Building your Dream Home? Let us help! Building your dream home or making significant enhancements to your existing home can be overwhelming. Carroll Community Bank can make this process easy and customize a solution that fits your specific needs.
Constructing a new home includes many important steps, from hiring a builder and working with subcontractors, to deciding on all the smaller details such as colors and amenities. It’s important to have the right team behind you, supporting and guiding you every step of the way. More importantly, working with a bank that understands construction financing gives you an added advantage throughout the entire process.
Construction Only: We offer a 12 month interest-only construction loan up to 90% LTV.
Construction Perm: We offer a 12 month interest-only construction period with the ease of a 1 time close that allows you to seamlessly convert to permanent financing. Various adjustable rate terms available.
Renovations: Completing major renovations? These same products are available for renovations too!
Lot Loan: Not ready to build but found the perfect residential building lot? We can help with that too! We offer up to 90% LTV on buildable lots improved with a water source and sewer approval.
All loans subject to credit approval.
Apply online or contact one of our Mortgage Loan Officers who will provide personalized service and customized solutions to help simplify the financing of your home building project.
443 255 6944
|Personal Savings Accounts|
|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|
|Platinum Checking||.05 to .20|
|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 CD||1.10|
|48 Month CD||1.30|
|60 Month CD||1.55|
|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.|