If you build it, they will come. That’s what they say, at least. Coastway Community Bank now offers a Construction Loan, perfect for clients who want to build, rather than buy, their dream home. Here’s how it works…
- Interest only payments during the construction period;
- Converts to a fixed rate mortgage after the construction period
- For construction of a single family primary residence or second home;
- Rhode Island properties only;
- Project must have a licensed, insured, general contractor.
Interested in learning more? Speak to a Coastway Mortgage Loan Officer.
All loans are subject to credit qualifications. Rates, program terms and conditions are
subject to change without notice. Restrictions and limitations apply.