Construction / Rehab / 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.