Construction Loans
Rates accurate as of October 3, 2025
Rates accurate as of October 3, 2025
| Type of Mortgage | Interest Rate | Annual Percentage Rate (APR) | Loan Fee | |
|---|---|---|---|---|
| 30-Year Fixed 80% Max LTV (Owner Occupied) Open/Close | ||||
| 30-Year Fixed 80% Max LTV (Owner Occupied) | 6.125% | 6.291% | 1% | Contact a Loan Officer |
| 20-Year Fixed 80% Max LTV (Owner Occupied) Open/Close | ||||
| 20-Year Fixed 80% Max LTV (Owner Occupied) | 5.500% | 5.710% | 1% | Contact a Loan Officer |
| 15-Year Fixed 80% Max LTV (Owner Occupied) Open/Close | ||||
| 15-Year Fixed 80% Max LTV (Owner Occupied) | 5.250% | 5.508% | 1% | Contact a Loan Officer |
| 30-Year Fixed 80% Max LTV (First-Time Homebuyer) Open/Close | ||||
| 30-Year Fixed 80% Max LTV (First-Time Homebuyer) | 5.875% | 5.991% | .50% | Contact a Loan Officer |
| 20-Year Fixed 80% Max LTV (First-Time Homebuyer) Open/Close | ||||
| 20-Year Fixed 80% Max LTV (First-Time Homebuyer) | 5.250% | 5.397% | .50% | Contact a Loan Officer |
| 30-Year Fixed (Affordable Construction Program) Open/Close | ||||
| 30-Year Fixed (Affordable Construction Program) | 4.000% | 4.078% | $800 | Contact a Loan Officer |
| 30-Year Fixed (Non-Owner Occupied) Open/Close | ||||
| 30-Year Fixed (Non-Owner Occupied) | 6.625% | 6.898% | 2% | Contact a Loan Officer |
| 15-Year Fixed (Non-Owner Occupied) Open/Close | ||||
| 15-Year Fixed (Non-Owner Occupied) | 6.125% | 6.550% | 2% | Contact a Loan Officer |
| Green Choice Lending Program* Open/Close | ||||
| Green Choice Lending Program* | 0.50% Off Loan Fee | Contact a Loan Officer | ||
| Open/Close | ||||
| Type of Mortgage | Interest Rate | Annual Percentage Rate (APR) | Loan Fee | |
| Jumbo Construction (30 Year) | ||||
| $825,000.00 and above (80% Max LTV) Open/Close | ||||
| $825,000.00 and above (80% Max LTV) | 6.125% | 6.256% | 1% | Contact a Loan Officer |
HOME LOAN PAYMENT CALCULATIONS
Calculations based on $450,000.00 conventional loan with 20% down payment (purchase) or equity position (refinancing). Payment calculations are principal and interest only and do not include taxes or insurance which may increase your monthly payment.
- Owner Occupied (30-Year Mortgage 80% Max LTV): Interest rate 6.125%, Annual Percentage Rate (APR) 6.291%, 360 monthly payments of $2,734.25 each, total interest paid $548,108.69.
- Owner Occupied (20-Year Mortgage 80% Max LTV): Interest rate 5.500%, Annual Percentage Rate (APR) 5.710%, 240 monthly payments of $3,095.49 each, total interest paid $314,294.02.
- Owner Occupied (15-Year Mortgage 80% Max LTV): Interest rate 5.250%, Annual Percentage Rate (APR) 5.508%, 180 monthly payments of $3,617.45 each, total interest paid $212,953.52.
- 1st-Time Homebuyer (30-Year Mortgage 80% Max LTV): Interest rate 5.875%, Annual Percentage Rate (APR) 5.991%, 360 monthly payments of $2,661.92 each, total interest paid $521,510.12.
- 1st-Time Homebuyer (20-Year Mortgage 80% Max LTV): Interest rate 5.250%, Annual Percentage Rate (APR) 5.397%, 240 monthly payments of $3,032.30 each, total interest paid $289,563.93.
- Non-Owner Occupied (30-Year Mortgage): Interest rate 6.625%, Annual Percentage Rate (APR) 6.898%, 360 monthly payments of $2,881.40 each, total interest paid $602,209.16.
- Non-Owner Occupied (15-Year Mortgage): Interest rate 6.125%, Annual Percentage Rate (APR) 6.550%, 180 monthly payments of $3,827.81 each, total interest paid $252,787.66.
Maximum loan to value of 95% on Owner Occupied (with a licensed contractor).
JUMBO LOAN PAYMENT CALCULATIONS
Calculation example based on loan amount shown with 20% down payment (purchase) or equity position (refinancing). Payment calculation is principal and interest only and does not include taxes or insurance which may increase your monthly payment.
- $825,000 loan amount (80% Max LTV): Interest rate 6.125%, Annual Percentage Rate (APR) 6.256%, 360 monthly payments of $5,012.79 each, total interest paid $1,004,866.96.
At OlyFed we do offer Jumbo Loans with as little as 10% down; however, Private Mortgage Insurance (PMI) is required with loans that have less than 20% down. Contact an OlyFed Loan Officer for more details.
AFFORDABLE CONSTRUCTION LOAN PROGRAM PAYMENT CALCULATION
Calculations based on $412,000.00 conventional loan with 5% down payment. Payment calculations are principal and interest only and do not include taxes, insurance or Private Mortgage Insurance (PMI), which may increase your monthly payment.
- Affordable Construction Loan Program (30-Year Mortgage): Interest rate 4.000%, Annual Percentage Rate (APR) 4.078%, 360 monthly payments of $1,966.95 each, total interest paid $304,342.77.
*Green Choice Lending Program: 0.50% off loan fee for loans $824,999 and below.
Member FDIC
Equal Housing Lender
