Build Your Dream Home—With a Construction Loan

Finance the land, materials, and labor—all in one loan.
Perfect for buyers building from scratch or taking on major renovations. 

A VA loan is a government-backed mortgage guaranteed by the U.S. Department of Veterans Affairs. It helps eligible military borrowers buy, build, or refinance a home with no money down, no private mortgage insurance, and competitive interest rates.

Getting the right insurance coverage has never been easier. Follow our simple 5-step process to get protected today.

Whether you're building a custom home or rebuilding after teardown, a construction loan gives you the flexibility and control to do it your way—with lender oversight to keep the project on track.

🏡 Finance land + building together
📏 Custom-build your ideal home
💰 Pay interest only during construction
🔄 Roll into permanent mortgage when done
📐 Ideal for new builds and large remodels

Q: Do I need a builder lined up first?
Yes. Most lenders require a licensed contractor or builder before approval.

Q: How is the money disbursed?
Funds are released in "draws" as each construction phase is completed.

Q: Can I roll it into a regular mortgage?
Yes! A construction-to-perm loan converts automatically once the home is finished. 

At The Federal Savings Bank, we make home financing easy. Whether you're buying, refinancing, or just exploring options, we’re here to help. Located at 1150 South Ave, Suite 304B, Staten Island NY 10314, we offer competitive rates, great service, and a smooth and fast loan process from start to finish. 

Company NMLS: 411500

Texas Mortgage Disclosure: Consumers wishing to file a complaint against a mortgage banker or licensed residential mortgage loan originator should contact the Texas Department of Savings and Mortgage Lending (SML). Visit [www.sml.texas.gov](https://www.sml.texas.gov) for instructions and to obtain a complaint form. Mailing Address: 2601 North Lamar, Suite 201, Austin, TX 78705 • Toll-Free: 1-877-276-5550 (Required per 7 TAC §80.200(b))