We know — building a home can be stressful. That’s why at Baltic Transit Bank, we believe that financing the construction of one should be the least of your worries. After all, we’ve been partnering with Massachusetts homeowners since 1888. While we can’t help with the fixtures or finishes, we do know a thing or two about construction loans and we’ll work tirelessly to make your borrowing experience as trouble-free as possible.
Features & Requirements
Owner-Occupied, Single-Family Properties Only
Our construction loans are specifically designed for owner-occupied, single-family homes, ensuring a focused and tailored financing experience.
Competitive Interest Rates
Benefit from competitive interest rates that make financing your home construction both affordable and manageable.
A Single Loan for Both the Land Acquisition and Construction
Secure a single loan that covers both the acquisition of the land and the construction of your new home, simplifying the financing process.
Rate is Constant for a Fixed Period
Enjoy the stability of a constant interest rate for a fixed period. Contact us for specific rate information to fit your needs.
A One-Time Closing for Construction-Permanent Financing
Streamline your financing with a one-time closing that covers both the construction and permanent financing stages.
Simple Construction Financing Through Built
Take advantage of simplified construction financing through Built, our technology platform partner, for a smooth and efficient process.
For additional information about construction loans at Baltic Transit Bank, call Customer Support at (978) 573-1300 during regular operating hours or reach out directly to any of our mortgage originators.
Find out now about your construction loan options and get prequalified before you begin the application process. Get prequalified today!