Personal Construction 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.
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
Basic Checking.01
Advantage Checking.02
Signature Checking.02
Platinum Checking.05 to .20
Senior Checking.10
Premium Power Package Account.75
Certificate of Deposit / IRA CDs
6 Month CD.15
12 Month CD.25
15 Month CD.85
18 Month- Add On CD***.40
24 Month CD Penalty Free.75
30 Month CD.90
36 Month CD1.01
48 Month CD1.42
60 Month CD1.77
Statement IRA****.30