Rondout Savings Bank offers construction loans which fund the construction of your new home in disbursements as work progresses.
Once your home is completed, your construction loan converts to permanent financing.
- One time closing with only one set of closing costs
- Fixed rate and adjustable rates available
- Conforming and jumbo loan amounts available
- Interest only payments during construction
- Primary residence & second homes
Rondout Savings Bank offers competitive rates for loan amounts exceeding $417,000.00. If your loan needs exceed this limit, please call one of our loan specialists for current rates.
All loans are subject to credit approval.