Building your dream home should be exciting—not stressful. Yet, for many, the financing process can feel like a maze of hidden fees, rigid rules, and frustrating delays. That’s why Union Savings Bank has reimagined the construction-to-permanent loan to make it simpler, smarter, and more supportive for borrowers, builders, and real estate professionals alike.

What Makes Our Construction Loan Better?

Unlike traditional lenders, Union Savings Bank has addressed the most common pain points in construction financing. Here’s how we stand out:

1. No Rate Increase for Construction Loans

Most lenders charge an additional 0.25% to 0.375% for construction loans. We don’t. You get the same competitive rate as a conventional mortgage, saving you thousands over the life of your loan.

2. Flexible Fund Disbursement

Many lenders require borrowers to contribute all their funds upfront before releasing loan money. This can create serious liquidity issues – especially when your builder needs early funds for materials like windows and doors. We don’t require that. Our approach keeps your cash flow intact throughout the project.

3. Lending Based on Finished Value

Instead of limiting your loan to the cost of construction plus lot value, we lend based on the estimated finished value of your home, as determined by our appraiser. This often allows for larger loan amounts, giving you more flexibility and financial breathing room.

4. Local Appraisers, Not Outsourced Panels

Appraisal management companies often assign appraisers who aren’t familiar with your local market. We use a panel of local appraisers, ensuring more accurate valuations and smoother approvals.

5. In-House Disbursement—No Third-Party Fees

Third-party disbursement services can cost up to $5,000. We handle all disbursements internally, saving you time and money while keeping the process streamlined.

6. Practical Disbursement Rules

Some lenders require 100% completion of line items before releasing funds. That means one custom window could delay your entire draw. We disburse based on actual work completed, not rigid line-item rules—keeping your project moving forward.

Why This Matters for Builders and Realtors

• Faster funding means fewer delays and happier clients.
• More flexible loan amounts help buyers afford the homes they truly want.
• Local appraisals lead to more accurate pricing and smoother closings.
• No surprise fees make budgeting easier for everyone involved.

Let’s Build Something Great Together

Union Savings Bank is a mutual savings bank and portfolio lender, which means we keep your loan in-house and work with you every step of the way. Whether you’re a homebuyer, builder, or real estate agent, we’re here to make the construction loan process better—for everyone.

Ready to learn more? Reach out today and discover how we can help bring your dream home to life. Learn more.

 All loans are subject to credit approval.