Prevail Bank Home Construction Loans
Build your home exactly how you want with a home construction loan from Prevail Bank.
Do you have a specific vision for how you want your home to look? Or, maybe your home search just hasn't led you to the right home to meet the needs of your family. Contact our mortgage lenders or apply online today to learn more about how we can create a construction loan that allows you to build the home of your dreams.
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Construction Loan Special
Your dream home starts here and we are making it easier than ever! For a limited time, take advantage of our exclusive Construction Loan Special. Enjoy competitive rates, flexible financing options, and personalized support from start to finish. Whether you are building from the ground up or planning a major renovation, our team is here to guide you every step of the way. Don't wait, secure your special rate today and turn your vision into reality!
- As low as 3.99% during the construction phase (6.718% Annual Percentage Rate*)
- Fixed Term or ARM options
- Construction phase loan term options (6, 9, or 12 months)
- Use your current home to fund your new build!
*Rates accurate as of 12/01/25. A formal application must be submitted by June 30, 2026 to qualify for the Construction Loan Special. 0.50% origination fee applies. A construction rate example of 3.99% based on a 5 year ARM loan of $300,000 would incur a monthly payment of $498.75 during construction phase based on loan half advanced. Borrower incurs interest-only payments during construction phase. The payment does not include tax and insurance premiums. The actual payment obligations may be greater. Requires an executed construction contract/plans. All loans and interest rates are subject to credit approval. All lender fees and closing costs still apply. Interest rates are not guaranteed and subject to customer credit history, income and other factors. Special rate can be discontinued at any time. NMLS# 490977
Home Construction Loans Offered
- Adjustable Rate Mortgages
- Fixed Rate Mortgages
Construction Loan Features
- Construction-to-Permanent financing in one loan (one closing, one set of closing costs, and no interest rate uncertainty)
- Competitive rates and fees
- Online application available to save you time
- Blanket loan option
- Utilize equity in your existing home for down payment
- Secure multiple properties with using one loan
- Work with us as your trusted lender for the duration of your loan
What Our Customers Are Saying
We renewed a CD at the Medford location. Our service representative was ready and waiting for us. The process was quick and professional. Very pleased with the fine service.
Lana P is amazing. Such a wonderful person. This was the most wonderful banking experience I've ever had.
I love, love, love doing business with Prevail Bank, and it is totally because of their fabulous employees and customer service. Kudos especially to Andrew Balthazor and Tracy Kittelson. Also, Jenny Ebert in Mortgage Loan Dept. is awesome. They are all so experienced, so professional, and so friendly! I started with a mortgage 2 years ago and have since opened savings, and purchased several CD's.
Excellent service! We have banked with them for over 30 years.
Home Loan Products & Services
No matter the loan you're seeking, it's important to choose a lender who understands your needs. At Prevail Bank, we will work with you to provide the loan with right terms and rates for you and your family.
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Home Loan Resources
Mortgage Calculators
Whether you're looking to calculate your potential interest savings from additional payments, generate an amortization schedule, or determine the mortgage amount you qualify for, we have a calculator tailored to your unique situation.
Meet our Mortgage Lenders
Meet the trusted mortgage lending team at Prevail Bank who will help you find the right home loan.
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