Construction Loan Program
Building a home is exciting—but financing it shouldn’t be complicated. Croghan Colonial Bank’s Single Close Construction Loan streamlines the process by combining construction and permanent financing into one loan. That means one application, one set of closing costs, and one smooth transition from construction to mortgage—saving you time and money.
Construction Loan Features
Our Single Close Construction Loan is designed to simplify the home-building process with these benefits:
One-Time Closing
No need for multiple loans or extra paperwork. One loan covers both construction and mortgage financing.
Up to 95% Loan-to-Value
Get financing for up to 95% of the home’s value (private mortgage insurance may be required).
Interest-Only Payments During Construction
Keep payments manageable while your home is being built.
Flexible Loan Terms
Choose from a variety of Adjustable-Rate Mortgage (ARM) options to fit your financial goals.
12-Month Construction Period
Enjoy plenty of time to complete your build.
Applicable for Full Builds & Renovations
We can help whether you’re constructing from the ground up or renovating an existing home.
Self-builds are Not Eligible for This Program
What You Can Expect from Croghan
At Croghan, we understand the home-building process and are here to guide you every step of the way.
A Simplified Loan Process
With one application and one closing, we make financing straightforward—no juggling multiple loans or unexpected surprises. Our team works closely with you to ensure a smooth, stress-free experience from start to finish.
Expert Support & Guidance
From pre-approval to final loan conversion, our mortgage experts help you navigate financing, answer questions, and keep your project moving forward.
Easy Access to Funds
Instead of receiving one lump sum, funds are disbursed in stages—aligning with key construction milestones. This keeps payments flexible and ensures your builder has the necessary funding at the right time.
Take the First Step Toward Your Dream Home
Getting started on your home-building journey has never been easier. One application, one set of closing costs, and flexible payment options ensure a smooth, hassle-free process from start to finish. Let’s get started today—apply online or connect with one of our mortgage experts to explore your financing options.
Important Legal Disclosures
*All loans are subject to credit approval. Loan terms and conditions apply.