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.