Construction-to-Permanent-Mortgages
Whether you’re building or renovating, you can leverage our expertise in the construction industry to safely turn your vision into reality.
A Construction-to-Permanent Mortgage saves you time and money, because you'll have only one loan application and closing.
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Benefits & FeaturesOne Closing and Loan ProcessMost other banks would require two separate processes, but we wanted to make your life easier. During the construction period, you’ll only pay interest on funds drawn. When your home is complete, the loan automatically converts into a conventional mortgage. Your Choice of ProductsChoose from Fixed or ARM products. Your dedicated lender will make sure the loan is right for you and will fully cover all your needs. No Maximum Loan AmountsNo matter how big your project is, we can help you cover it. Construction funds must be a minimum of $100,000. |
Construction-to-Permanent Mortgage Highlights
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Serving Our Clients
Building Your Dream Home with a Construction LoanThinking about building a new house or renovating an existing home? Learn about construction loans from Needham Bank and get closer to your dream home.
Learn more about Building Your Dream Home with a Construction LoanFAQs
Payment changes result from an adjustment to your interest rate or your escrow payment. Our Loan Operations Department will assist you in providing answers to all your questions. Please contact us by calling (781)474-5802 or by email at [email protected]
The easiest way to pay your NB mortgage from your NB Checking Account is through NB Online Banking or NB Business Online Banking by completing a transfer from your checking account to your mortgage.
Yes, you may complete an ACH Agreement in order to do so. Call our Loan Servicing Department at (781) 474-5802 or complete the Authorization Form. Please forward the form to the Loan Operations Department via US Mail or email us at [email protected]
Knowledge Center
If you're planning to buy a home in MA, spend time understanding your home loan options. Let Needham Bank help you decide which mortgage is right for you.
Learn more about Which Mortgage is Right for You?Building or renovating? Our unique construction-to-permanent programs are designed to help builders like you turn that project into reality.