Construction Loans


Building your home from the ground up is a whole lot easier when you have local experts in your corner that are committed to you. Transition from the construction phase to mortgage payments with the help of HVCBank.

Loan Details

  • Competitively low rates for your home construction project
  • Provides more convenience, especially toward the end of the construction phase and the beginning of permanent mortgage
  • Pay off interest quicker; payments are interest-only during construction phase
  • Payments are made on the amount drawn on your loan sufficient to pay your builder
  • Construction draws applied in stages based on work completed
  • Verified by a knowledgeable bank inspector who will monitor the progress of your home's construction

Special Items Needed

Before getting started, it might be helpful to gather the following:

A full set of blue prints, cost of construction breakdown, copy of your building permit (when available), a copy of the contract with your builder, building specifications, septic plan approval, a copy of a water quality test, and a copy of the builder's license. When required by the municipality, a Certificate of Occupancy must be obtained and forwarded to Hopewell Valley Community Bank when complete.