Construction Mortgages

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When you're ready to build, we're ready to be your team.

You can build the home of your dreams or renovate your current home- we offer the terms and the loan options to assist you all the way.  Our dedicated staff is trained and highly specialized in the home building process.  Our process is streamlined by offering a SINGLE close process which allows you to get the construction process started quickly.

  • Single Close Construction Loans offer a one- time close for both the construction phase and permanent amortization of the loan.
  • Interest only payments during the construction phase are available. Dependent upon construction schedule.
  • Dedicated Draw Administrator to assist through the build phase
  • BBHL offers both New Build and Rehabilitation Financing
  • Ability to finance single family and two unit properties (owner occupied only)
  • Ability to finance second homes (single family only)
All lending products are subject to credit and property approval. This is not a commitment to make a mortgage loan. Products are not available in all states. Certain conditions and restrictions apply. Refinancing to reduce total monthly payments may lengthen repayment term or increase total interest expense compared with your current situation.

Consult your Social Security, Medicare, tax or other financial advisor to determine how reverse mortgage payments may affect your particular situation. You must also continue to occupy your home as your primary residence and keep it in good repair, with all taxes and insurance premiums up to date.  Subject to the terms of your mortgage.

Berkshire Bank NMLS 506896.  All rights reserved. 

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