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Mortgage Loans: Build

Building


Building a home can be an overwhelming process because there is so much decision-making. From deciding on your floor plan to picking out the color of your cabinets, walls and flooring to selecting your desired counter-tops and light fixtures, the decision-making can seem endless. The last thing you want is the added stress of financing. At Waukesha State Bank, we specialize in new construction financing. Our mortgage consultants have decades of experience and have built strong relationships with the building community.

Plus, our construction draws are handled locally, and we offer monthly interest-only payments based on your construction loan balance. When your dream home is complete, the transition to permanent financing is simple.

Let our team help you build the home of your dreams.

Lot Loans

Use for vacant land or land purchased to build a home.
  • As little as 10% down
  • Easy payment terms
  • Competitive interest rates


New Construction Loans1

For those wanting to build a new home.
  • Conforming and jumbo loans with as little as 5% down
  • Interest-only payments during construction
  • No PMI during construction on construction-only loans
  • Bridge financing available
  • No-cost refinance at the end of the construction loan1
 

Bridge Loans

A temporary interest-only loan that can help existing homeowners buy or build their next home without having to sell their current home first.2 Plus, bridge loans can help preserve your offer.
  • Use the equity in your existing home for a full or partial down payment on your future home
  • Borrow up to 90% of your current home’s value
  • All outstanding mortgages on their current home can be rolled into the bridge loan, creating one single payment
  • Interest-only
  • No PMI


1Subject to credit approval. Valid for the building of a new home only. Assumes 10% down, credit score of 700 and loan amount of at least $250,000. Other financing options may be available to customers that do not meet the terms of this offer, including down payments as low as 5%. Ask your lender for details. Property must be a single family owner-occupied residential property.
2Limited to owner-occupied residential properties.
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Meet Our Team

Our bankers have been serving the financial needs of the community with a personalized, one-on-one approach to banking and an emphasis on customer service and community involvement.