Building A House

Building Loans

When you own a piece of land and plan on having a house built, you need financing throughout the building process to pay suppliers, contractors, etc.

90 Days to Close- rate locked at time of application, convenient 8-month construction period with up to 4 advances of funds
Interest Only Billed During Construction Period
One Closing- you’ll never have to worry about your interest rate increasing throughout the process
No Need for Another Closing- loan automatically converts to a permanent loan upon expiration of building loan phase
Financing Up to 84.5% of the Value of the Home*
Low Closing Costs
Lower Interest Rates- with convenient automatic payment options from a Trustco checking account
No Tax Escrow Required – earn interest with your Trustco Tax Saver account
No Borrower Paid PMI (Private Mortgage Insurance) Required – save hundreds of dollars a year**
Quick and Easy Application Process – call your local Branch representative to discuss documentation requirements

Please note: We reserve the right to alter or withdraw this product or certain features thereof without prior notification.

Trustco Bank is your Hometown Bank.

* Subject to satisfactory appraisal of collateral address.
**Lender paid Private Mortgage Insurance on loans 89.5% Loan-to-value and over.

Find a Location

Find an ATM or banking location near you.