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Home / Personal / Mortgage / Construction Loans

Construction Loans

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Construction and Bridge Loans can help you build that dream home or purchase one with ease.

Construction Loans

This loan finances the construction of your new home. If construction is completed before the loan term expires, you can:

  • Keep paying on the current loan and refinance at the end of the term, or…*
  • Refinance as soon as construction is complete*

Current Rates as of: August 26, 2016

  Construction Loan
Term 5/1 ARM
Rate 7.50% APR
Points 1
Processing Fee $595

Other fees incurred may include: Appraisal fee, Survey, Title Commitment, Recording Fee, Flood Certification, Title Company Closing Fee, Tax Certification, Prepaid Expenses.

 *First State Bank is under no obligation to renew financing.

All loans and pre-qualifications are subject to credit approval and/or acceptable appraisal. You must carry insurance on the property that secures a loan, and flood insurance may be required. Any taxes or additional conditions imposed by the city, state or county that the subject property is located in will be the borrower’s responsibility. Program terms and conditions are subject to change at any time without notice. First State Bank Mortgage Company, LLC, is an affiliate of First State Bank.

For an APR of 7.5%, then 60 monthly payments would be $6.99 per $1,000 borrowed

Payments do not include amounts for taxes and insurance premiums, if applicable, and the actual payment obligation may be greater.


Fair Lending
The federal fair lending laws are a group of laws that prohibit discrimination in credit transactions, including transactions related to residential real estate.  These laws include the Fair Housing Act, Equal Credit Opportunity Act, Community Reinvestment Act, and the Home Mortgage Disclosure Act.
In accordance with the fair lending laws, First State Bank is committed to promoting fair housing choice and will not discriminate against any person on the basis of race or color, religion, national origin, sex, marital status, age, lawful source of income, familial status, handicap, disability, sexual orientation or gender identity.


The Secure and Fair Enforcement for Mortgage Licensing Act (SAFE Act) is a federal law designed to enhance consumer protection and reduce fraud in the mortgage lending industry.  The SAFE Act requires that all individual mortgage loan originators or MLOs be registered with the Nationwide Mortgage Licensing System and Registry, or NMLS.


NMLS #462643

Equal Housing Lender