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Building a Home

Getting Pre-Approved for a New Construction Loan in Pittsburgh and Cleveland

Getting Pre-Approved

A mortgage pre-approval is the first step.  Then, choose your home style and options with confidence because you will know exactly what you can afford to build.

Your pre-approval includes rate lock protection that will secure against possible rate increases during the contract negotiation phase. On the other hand, if rates go down, you'll be able to take advantage of the lower rate and lock in when you submit your final sales contract to us.*

To be pre-approved for a mortgage, click here.

Choosing the Right Mortgage

When it comes to choosing a mortgage, it's easy to become overwhelmed. When you know your options, you can make a sound financial decision that benefits you for years to come.

Dollar Bank offers adjustable rate mortgages (ARMs) that allow you to lock in a low, fixed rate for up to five years with loan amounts up to $750,000. Then, after the fixed rate period ends, your rate changes to a one-year adjustable rate. The greatest feature of the ARM is the low lock-in rate that helps you build the house of your dreams with an affordable monthly payment.

Additionally, we have fixed rate construction mortgages with terms from 15 to 30 years that offer the security of a fixed payment for the life of your mortgage.

Don't forget that if your existing home is for sale, you may be able to apply the equity in that home toward a down payment on your new home.

For more details on our Fixed and Adjustable Rate Mortgages, click here.

*Initial rate locks are currently for 45 days, ask your mortgage representative for more details.

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Office Locations throughout Pittsburgh and southwestern Pennsylvania, Cleveland and northeastern Ohio.