Hard hat sitting on desk with a plans and tools in new home construction site

Construction Advantage Loan

Simplify the financing for your home construction.

Building a new home typically requires multiple sets of paperwork, two different loan types with different rates and more complicated processes. At any of our Hometown Banks, we can help make that process simpler with our Construction Advantage Loan. This Loan will transition into a conventional mortgage 12 months after closing.

Additional advantages include:

  • One loan application
  • One set of fees and closing costs
  • One loan closing
  • One interest rate


  • Interest only payments for the first 12 months during construction
  • Smooth transition to a conventional mortgage
  • Fixed-rate locked in on the day of application

Are you ready to move forward? Click Here to connect with a Mortgage Lender near you. You can also begin by completing our online application process. A Community Banker will contact you after you submit your application. 


Offer of credit is subject to credit approval.

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Morton Community Bank
Morton, IL
NMLS #422122
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