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Construction Mortgages in Pittsburgh and Cleveland

Construction Mortgages

Features:
Our adjustable rate mortgages (ARMs) allow you to lock in a low, fixed rate for up to five years with loan amounts up to $650,000. Then, after the fixed rate period ends, your rate changes to a one-year adjustable rate.

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.

Benefits:
You pay no points or origination fees.

The process is identical to applying for any home mortgage.

Mortgage amounts can be up to $650,000.

Lock in a low rate at pre-approval and take advantage of lower rates if they go down before your closing.

Make interest only payments as each construction phase completes. A construction mortgage automatically converts to a permanent mortgage with the same low rate when construction is complete.

Dollar Bank retains the servicing of all of our mortgages, so you can feel confident knowing that your mortgage is in caring and capable hands for the duration of your mortgage term.
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Office Locations throughout Pittsburgh and southwestern Pennsylvania, Cleveland and northeastern Ohio.