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 PMI (Private Mortgage Insurance) Required - save hundreds of dollars a year
  • No Appraisal Fee
  • No Points
  • Free, Conditional Pre Approvals Also Available
  • Quick and Easy Application Process - call your local Branch representative to discuss documentation requirements

Inquire Now »

Find a location near you to get started »


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

Trustco Bank is your Hometown BankFind a location near you to get started »


*Subject to satisfactory appraisal of collateral address.