Skip to content

Can’t find the home of dreams? West Shore Bank can help you build it!

What is a construction loan?

Construction loans provide short-term financing to cover all the costs of building your primary or second home. Once the house is built and a certificate of occupancy obtained, your construction loan can be converted into a longer-term mortgage.

How do construction loans work?

Instead of receiving a lump sum payment upfront, the contractor draws funds throughout the process as certain milestones are met. You have the option of making interest-only payments until construction is finished. At that point, the construction loan converts to a conventional mortgage without the cost and hassle of a second closing.

Apply for a Construction Loan from West Shore Bank!

West Shore Bank's mortgage lenders are based in your Northern Michigan and West Michigan communities along the lakeshore. All decision-making and loan processing is done locally. With attentive, friendly service from start to finish, West Shore Bank can help you find the mortgage loan solution that is right for you. Apply for a Construction Loan online or visit one of our nine locations in Ludington, Frankfort, Hart, Manistee, Onekama, Scottville, or Traverse City.