A home in construction.

Construction/Permanent Financing

Build your dream home with confidence — from the first shovel in the ground to the final coat of paint — using Marion Community Bank’s Construction/Permanent Financing. Our one-time close loan solution combines construction and long-term mortgage financing into a single, streamlined package.

Whether you’re designing a custom home or building on your own land, we make it easier to secure financing with fewer steps, less paperwork, and the peace of mind of working with a trusted Alabama bank.

One Loan. One Closing. Total Convenience.

With our Construction/Permanent Loan, you benefit from one application, one closing, and one set of fees:

Single Closing Process : Avoid the hassle and expense of multiple closings with one all-inclusive loan.

Interest-Only During Construction: Make lower monthly payments while your home is being built.

Automatic Conversion : When construction is complete, your loan automatically converts to permanent financing.

Customizable Terms : Choose a fixed or adjustable-rate mortgage for the permanent phase, depending on your needs.

Key Features and Benefits

We offer local expertise and flexible solutions designed for homeowners building in Alabama:

Local Underwriting and Decisions : Work with experienced lenders who understand regional contractors, regulations, and timelines.

Loan Options for Various Budgets : Competitive rates and flexible terms tailored to your project and financial goals.

Financing for Land and Construction : Bundle land purchase, site prep, and construction costs into one easy-to-manage loan.

Draw Schedule Oversight : Funds are released in stages based on construction progress — with guidance and accountability built in.

Is Construction/Permanent Financing Right for You?

This loan is ideal for:

Individuals building a custom home or working with a builder.

Borrowers who want to simplify financing by combining construction and mortgage steps.

Homeowners looking for cost savings and rate protection through a one-time close structure.

Build with Local Experts You Can Trust

At Marion Community Bank, we take pride in helping our neighbors bring their home visions to life. Our Construction/Permanent Financing provides a seamless path from blueprint to move-in, with dedicated support and competitive rates every step of the way.

Visit a Marion Community Bank branch in Montgomery, Selma, Marion, Jemison, Clanton, or Maplesville to learn more and get started on building your future — with financing as solid as your foundation.

CONTACT US

We welcome you to contact us with any questions or concerns. However, please do not include any confidential information in your message.

Phone: 888-571-2338

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