Building a home means more than choosing finishes and floor plans. It’s about bringing your vision to life. At Sovereign Bank, we understand that new construction requires flexibility, careful planning, and a lender who’s with you every step of the way. Our construction loans are designed to do just that.
We offer a single-close construction loan that transitions seamlessly into permanent financing once your home is built. This eliminates the need for two separate closings, saving you time, money, and paperwork. Whether you’re building a primary residence, a second home, or an investment property, we tailor the financing to match your project goals and timeline.
With local underwriting and decision-making, you’ll work directly with a Sovereign Bank mortgage expert who understands your market and can offer timely guidance. We’ll help you navigate the construction process, from breaking ground to move-in day, with confidence and clarity.
Key Benefits:
- Single-close construction-to-permanent loan
- Available for primary, second, or investment properties
- Fixed or adjustable interest rate options
- Interest-only payments during construction phase
- Streamlined draw process and contractor coordination
- Local approvals and personalized support
We partner with you and your builder to ensure every phase of your project stays on track. And when construction is complete, your loan converts to a traditional mortgage. No need to requalify or refinance.
Whether you’re building your forever home or a new investment opportunity, Sovereign Bank provides the structure, support, and service to make it happen.
Let’s Build Together.
Talk to a Sovereign Bank mortgage expert today and take the first step toward building the home you’ve always imagined.
