Build a Home
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Building a home can be a stressful process – you will make hundreds of decisions, from cabinet color to floor plan to the location of light switches. The last thing you want is the added stress about your financing. Park Bank’s Mortgage Advisors have not only helped their clients through the construction process, they have gone through the process themselves. Park Bank has worked for years to develop and maintain strong relationships with the building community, and have proven to be one of Dane County’s top new construction financing providers.
What is Pre-Approval?
A pre-approval is a request for a loan to buy or build a home that is a comprehensive, underwritten review of the creditworthiness (income, assets, debts and credit) of your application. Based on this information, Park Bank issues a written commitment to you that is valid for a designated period of time. Obviously, this puts you at an advantage when dealing with a potential seller, as he or she will know you’re one step closer to obtaining an actual mortgage. Also, getting pre-approved for a mortgage enables you to move quickly when you find the perfect home (subject to credit approval).
Park Bank's Construction-Only Financing
What is it?
A short-term, interest-only loan where you only pay on the funds disbursed. Once your home is built, if you keep your financing with us, you will not pay closing costs on the end loan.
Consider if ...
You want to take the step of building a new home.
Resources
- Mortgage Loan Application Checklist - Follow this simple checklist to get started.
- Blog - Find relevant articles about building a home.
- Rate Quote Tool - Estimate what your loan could be.
- Our Mortgage Team - Local experts here to guide you every step of the way.