Home Construction Loans

Home Construction Loans

Quick loan processing and competitive rates for your new build

12 Month Interest-Only Payment Period During Construction

Save time and money by closing only one loan and making interest-only payments up to 12 months during construction!

Construction Loan Special:*

For a limited time only: Save $500 off closing costs. Extended interest only payment period of 12 months.


When you find the perfect lot for your dream home, then it’s time to build it — with a construction loan from Consumers National Bank. We offer competitive financing for residential construction loans, so you can build your new house knowing that you received the best interest rate.

New construction loans

Loans for new construction are a little different than your typical mortgage. A construction loan helps you finance the building phase of your new house, and these loans are usually of a shorter term. Your contractor receives the funds necessary to build the home in installments, referred to as “drafts,” from the bank as work is satisfactorily completed. And the final result? Your dream house, on your dream lot.

At Consumers, you can use your land purchase as part of your down payment and enjoy interest-only payments while your new home is being built.

Plus, our friendly mortgage loan originators are located right here in your community, too, so you don’t have to go far to find great customer service and fast loan processing.

Learn more about how Consumers National Bank can help you finance your new construction. Apply for your loan online or request more information from our team.


Our new construction loans offer incredible value and service. Check out these features:

Competitive rates on residential construction loans

Fixed rate loan

Finance up to 95% of home value (for owner-occupied homes)

Interest-only payments available during construction

Land may be considered partial down payment

Ohio housing market expertise

Fast and efficient local processing

Personalized service at every step

*Construction Loan Special Details:

Must be owner-occupied

Occupancy: Owner-occupied, Single-Family Residence

Terms: Single close transaction with 12 months of interest-only payments on funds advanced during the construction term. Loan converts to permanent principal and interest financing following construction term. Terms vary from 15 to 30 years. Loan amounts up to $647,200. Private mortgage insurance (PMI) is required when equity is less than 20%.

Example: $375,000 loan for 30 years at 6.875% (6.978% Annual Percentage Rate) [rate effective 12/12/2023] will have 12 months interest-only payments up to $2,148.44 per month followed by 360 monthly principal and interest payments of $2,463.48/mo. Payments do not include taxes, property insurance premiums, or PMI premiums. Actual payments will be higher.

Applications must be received by 12-31-2024. All mortgages are subject to credit approval and property appraisal. Interest rates, annual percentage rate, program terms, and conditions are subject to change without notice. Other restrictions may apply.

Laurie Corbit

Laurie Corbit

Mortgage Loan Originator

Jackson-Belden Office
NMLS: 1370603
Cell: (330) 495-6193
Fax: (330) 479-9378

Apply With Me

Robert Kelly

Robert Kelly

Mortgage Loan Officer
Sales Manager SE Region

Calcutta Office
NMLS: 150023
Cell: (330) 383-1506

Apply With Me

Nick Mascitti

Nick Mascitti

Mortgage Loan Originator

Stark County Market
NMLS: 732979
Cell: (330) 284-2154
Fax: (855) 444-7077

Apply With Me

Daniel Eshler

Daniel Eshler

Vice President
Mortgage Division Manager

Jackson-Belden Office
NMLS: 426033
Cell: (330) 704-8993
Fax: (855) 444-7077

Apply With Me

We offer the following mortgage loan options:


Community Difference Mortgage Loans

Bridge Loans

Conventional/Jumbo Loans

Fannie Mae/Freddie Mac Loans

Use our handy Mortgage Loan Calculator to estimate your payments.