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      Single closing saves time and money

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      Interest-only payments during construction

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      Competitive interest rate

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      Low down payment options available

  • For the Home of Your Dreams:

    A New Construction Adjustable Rate Mortgage loan from FNB is similar to a traditional adjustable rate mortgage loan.1 The key difference is that you can use this borrowing option to finance the purchase of the lot as well as the costs of construction — all in one convenient mortgage loan.2

    If you already own the property, we typically pay off any existing financing you have with the new loan and, depending upon how much you are looking to borrow as compared to the value of your home, we may be able to finance the purchase cost, the construction costs, as well as the settlement charges into the loan.

    Key Features:

    • Interest rate is fixed at inception and during the construction period
    • Interest-only payments during construction up to 12 months
    • Low down payment options available
    • Options for owner-occupied and second homes
    • Flexible terms available

    Key Benefits:

    • Fixed lower payment based on the term you choose
    • Single closing combines your construction and mortgage loans
    • Interest may be tax deductible3
    • Competitive interest rates
  • Applying for a New Construction Adjustable Rate Mortgage:

    Whether you would like to get pre-approved or begin the application process, we have convenient ways for you to get started. You can begin by adding this product to your cart. During the checkout process, you can select the option to get started online or set up a time to meet with one of our experts.

    Getting Prepared:

    It is helpful if you have the following documents with you during the application process:

    • Fully executed purchase agreement with plans and specs
    • Most recent 30 days of pay stubs
    • Most recent two (2) months of bank statements
    • Prior two (2) years of your W2s
    • Prior two (2) years of tax returns
    • Current driver’s license or photo ID

With any account, you also get the latest in digital technology:

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Notices & Disclosures
1 - FNB is an Equal Housing Lender; NMLS #766529.
2 - All loan products are subject to credit approval. 
3 - Interest may be deductible; check with your tax advisor.

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