Financing Your Dreams

Types of Financing

Traditional mortgages, known as end loans, are often used when purchasing a completed home. However, when a new home is being constructed for you, it is typically better to try applying for a construction-to-permanent loan first.

This type of loan works a bit differently than a traditional mortgage and offers unique benefits to owners of new homes. A construction-to-permanent loan begins with a construction deposit and upfront closing with property ownership transferred before construction is complete. There are often opportunities for lower property taxes because many home features will not be included in the tax assessment or any public records. Additionally, mortgage payments will not begin until construction is complete and final inspections have been conducted by you and the bank.

Mortgage Calculator

If you’re unsure of your ideal budget range, the calculator will help you determine what monthly payments you can expect for different finance rates and selling prices.


For additional information on financing options please contact us or contact one of our new construction financing specialists:


Sharon Marziale
Pathfinder Bank


Jamie Elwyn
NBT Bank