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Construction Loans

Get the financing you need to build your dream home – whether it’s a cozy log cabin, a lakefront ranch, or something uniquely yours.

Shorter-Term Financing Option
Interest-Only Loan
Only Pay on Funds Disbursed
Experienced, Local Mortgage Advisors

Construction Loans as low as 3.79%* (4.94% APR).

  • Options starting at as little as 5% down
  • Local decision-making
  • Interest-only monthly payments on funds disbursed during the construction period with principal due at maturity.
  • No closing costs on end loan with Park Bank

What is Construction-Only Financing?

Construction-only financing is a short-term, interest-only loan where you only pay on the funds disbursed. Once your home is built, if you keep your financing with us, you will not pay closing costs on the end loan*. It’s a great option to consider if you want to build a new home.

Why choose Park Bank for your Construction Loan?

Building a home can be a stressful process – you will make hundreds of decisions, from cabinet color to floor plan to the location of light switches. The last thing you want is the added stress about your financing. Our mortgage advisors have not only helped their clients through the construction process, but they have also gone through the process themselves.

We’ve worked for years to develop and maintain strong relationships with the building community and have proven to be one of Dane County’s top new construction financing providers.
We’ve worked for years to develop and maintain strong relationships with the building community and have proven to be one of Dane County’s top new construction financing providers.

Explore smart financial resources to empower your home buying journey!

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Worried about having enough down payment for a new home? We have options!
Start saving for your next with a flexible savings account. Explore our options and find the best fit for you!

*Rate and APR (Annual Percentage Rate) based on 20% down and a $750,000 loan amount that is 50% advanced, and loan term of 9 months. 8 payments of $1,181.13 due monthly with balloon payment of $751,181.13, plus outstanding fees and accrued unpaid interest, due at the end of month 9.  Actual monthly payment is interest-only based on the amount of principal outstanding.   Payment amount does not include property taxes or insurance premiums.  Actual monthly payment may be higher.  If property is located in a Special Flood Hazard Area, satisfactory flood insurance will be required.  Owner-occupied primary residences only.  Require general contractor.  Rates are as of 2-18-2026, are not guaranteed, and are subject to change without notice. All loans are subject to credit approval.  Actual rate, APR, costs, and final loan terms will depend on borrower qualifications.  Closing costs and prepaid fees are not included in the example.  Contact a Park Bank Mortgage Advisor for details.