Construction-to-Permanent Mortgages

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Whether you’re looking to build the home of your dreams or finally getting around to putting on that addition, Bay State Savings Bank has the solutions to meet your needs. With our Construction-to-Permanent mortgage, we offer a flexible product with just one loan closing. For the first 12 months, pay the interest only on the amount of funds you draw. We will work closely with you and your builder to help make your dream home a reality.

When construction is complete, no need to refinance. The loan automatically converts to a conventional mortgage, with the added security of knowing you’re locking in at today’s market rates.

For more information or to schedule an appointment, please contact Stephanie Soden at (NMLS# 90427).

We look forward to working with you!

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All loans subject to credit approval.  Residential properties must be owner occupied and located in Worcester County.  Bay State Savings Bank checking account required.  Property insurance required.  Additional restrictions may apply.