Construction Loans
Why choose Walden Savings Bank for your construction loan needs?
We specialize in construction loans and have helped our customers build thousands of homes within the Hudson Valley community since 1872. As every construction project is unique, our Mortgage Loan Consultant will help you determine how your financing needs can be met with our competitive construction loan rates.
Mortgage Rates
| Loan Type | Rate | APR |
|---|---|---|
| 15/15 ARM - As low as | 7.250% | 7.508%15 |
| 10/1 ARM - As low as | 6.625% | 7.169%16 |
| 7/1 ARM - As low as | 6.500% | 7.304%17 |
| 5/1 ARM - As low as | 6.375% | 7.433%18 |
APR Assumptions as of 04/01/2024 09:02 AM
rates subject to change
Get Started!
Call 845-457-7700, option 5, or have one of our Mortgage Loan Consultants contact you about our construction loan rates.
Construction Loan
Partner with us and secure a construction loan to help you build the home of your dreams - we'll be with you every step of the way.
- Fixed and Adjustable Rate Mortgages available
- Free rate lock
- One time closing
- Allows you to be the general contractor
- Up to 85% financing of the completed home value
- No points required
- Up to 12 month construction period
- Available for first time homebuyers
- Construction loan amounts up to $484,350 (higher for Jumbo mortgages)
Contact one of our Construction Loan Mortgage Consultants to get your process started!
