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Building your own home requires many important decisions. Make your decision about how to finance the venture an easy one - turn to Boone Bank & Trust Co. Our construction financing is a comprehensive service, but we make it easy to understand. Select from one of the programs below, or contact one of our Construction Specialists today.

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Custom Construction Loans

Boone Bank & Trust Co. offers construction loans with a variety of financing options and benefits. The custom construction loans are a two loan process with the initial construction phase for up to 12 months with interest only payments. Interest during the construction phase is fixed. The second loan is the permanent loan.  The interest rate for a fixed rate permanent loan can be set when the home is within 60 days of completion.  Long term interest rates cannot be locked in at application.

Spec Construction Loans

Contractors, builders and developers who build a home without a guaranteed sale upon completion are said to be "Spec" builders. These individuals and companies are speculating that they will earn a profit when the newly constructed home sells.

Boone Bank & Trust Co. has a program specifically designed for these types of projects. We offer competitive interest rates and a flexible draw schedule. Contact one of our specialists directly to get more information or apply online today!

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