Home being built with a construction loan.

Construction, Lot and Land Loans

Lot & Residential Construction Loans

Home being built with a construction loan.

Lot & Residential Construction Loans

These real estate loans are used to purchase property and build the home you’ve always wanted. From the ground up, SESLOC can help make that dream house yours.

 

Lot Loan

This adjustable rate loan has a 15-year term1 to keep payments more affordable. It also offers a 1% annual rate cap / 5% lifetime rate cap.

Rate Index: 1 Year Constant Maturity Treasury

 

Construction Loan

A fixed rate loan for construction of principal residence, with terms up to 12 months2 and a convenient payment reserve plan available. It also offers interest-only payments on funds disbursed.

Get Started Today

Check current rates, review the documentation checklist, and request a free consultation to review your options, or get started with an application today. When applying for a pre-approval, choose the option for home purchase without an accepted contract.

Need more info?

Let's chat.

Request a complimentary consultation with one of our Mortgage Loan Officers. Whether you want to purchase a home, refinance your mortgage or just check out your options, we're here to here to help you make informed decisions.  Simply fill out our form and we'll contact you shortly.

Home Loans

There is no obligation to join SESLOC or apply for a loan. By submitting this form, you agree to receive email communications from SESLOC and phone calls if this preference is indicated. You can unsubscribe at any time. 

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1. Payment Example: For an adjustable rate mortgage in the amount of $200,000, with an amortization of 15 years, and an initial interest rate of 6.500% (APR 6.191%*) for the first year, the estimated monthly payment for the first year would be $1,724.21. Payment example excludes amounts for taxes and insurance. Actual payment may vary based on final loan terms and changes to the rate index. Rate and payments may increase after consummation. Refer to our Payment Calculator to estimate additional payment examples.
2. Payment Example: For a fixed rate loan in the amount of $500,000, with an interest rate of 7.000% (APR 9.440%*), the interest-only estimated monthly payment with full disbursement for a 30 day month would be $2.876.71. Payment example excludes taxes and insurance. Actual payment will vary based on final loan terms and may be higher. Refer to our Payment Calculator to estimate additional payment examples.
*APR = Annual Percentage Rate

Home Buying

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