Construction Loans

Rates accurate as of May 16, 2025

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Rates accurate as of May 16, 2025
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Type of Mortgage Interest Rate Annual Percentage Rate (APR) Loan Fee
30-Year Fixed 80% Max LTV (Owner Occupied) Open/Close
Type of Mortgage 30-Year Fixed 80% Max LTV (Owner Occupied) Interest Rate 7.000% Annual Percentage Rate (APR) 7.179% Loan Fee 1% Contact a Loan Officer
20-Year Fixed 80% Max LTV (Owner Occupied) Open/Close
Type of Mortgage 20-Year Fixed 80% Max LTV (Owner Occupied) Interest Rate 6.625% Annual Percentage Rate (APR) 6.850% Loan Fee 1% Contact a Loan Officer
15-Year Fixed 80% Max LTV (Owner Occupied) Open/Close
Type of Mortgage 15-Year Fixed 80% Max LTV (Owner Occupied) Interest Rate 6.250% Annual Percentage Rate (APR) 6.521% Loan Fee 1% Contact a Loan Officer
30-Year Fixed 80% Max LTV (First-Time Homebuyer) Open/Close
Type of Mortgage 30-Year Fixed 80% Max LTV (First-Time Homebuyer) Interest Rate 6.875% Annual Percentage Rate (APR) 7.003% Loan Fee .50% Contact a Loan Officer
20-Year Fixed 80% Max LTV (First-Time Homebuyer) Open/Close
Type of Mortgage 20-Year Fixed 80% Max LTV (First-Time Homebuyer) Interest Rate 6.500% Annual Percentage Rate (APR) 6.660% Loan Fee .50% Contact a Loan Officer
30-Year Fixed (Affordable Construction Program) Open/Close
Type of Mortgage 30-Year Fixed (Affordable Construction Program) Interest Rate 4.000% Annual Percentage Rate (APR) 4.078% Loan Fee $800 Contact a Loan Officer
30-Year Fixed (Non-Owner Occupied) Open/Close
Type of Mortgage 30-Year Fixed (Non-Owner Occupied) Interest Rate 7.500% Annual Percentage Rate (APR) 7.792% Loan Fee 2% Contact a Loan Officer
15-Year Fixed (Non-Owner Occupied) Open/Close
Type of Mortgage 15-Year Fixed (Non-Owner Occupied) Interest Rate 7.000% Annual Percentage Rate (APR) 7.442% Loan Fee 2% Contact a Loan Officer
Green Choice Lending Program* Open/Close
Type of Mortgage Green Choice Lending Program* Interest Rate Annual Percentage Rate (APR) Loan Fee 0.50% Off Loan Fee Contact a Loan Officer
Open/Close
Type of Mortgage Interest Rate Annual Percentage Rate (APR) Loan Fee
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
Type of Mortgage $825,000.00 and above (80% Max LTV) Interest Rate 6.875% Annual Percentage Rate (APR) 7.014% Loan Fee 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 7.000%, Annual Percentage Rate (APR) 7.179%, 360 monthly payments of $2,993.86 each, total interest paid $643,541.16.
  • Owner Occupied (20-Year Mortgage 80% Max LTV): Interest rate 6.625%, Annual Percentage Rate (APR) 6.850%, 240 monthly payments of $3,388.28 each, total interest paid $378,092.09.
  • Owner Occupied (15-Year Mortgage 80% Max LTV): Interest rate 6.250%, Annual Percentage Rate (APR) 6.521%, 180 monthly payments of $3,858.40 each, total interest paid $258,575.41.
  • 1st-Time Homebuyer (30-Year Mortgage 80% Max LTV): Interest rate 6.875%, Annual Percentage Rate (APR) 7.003%, 360 monthly payments of $2,956.18 each, total interest paid $629,693.57.
  • 1st-Time Homebuyer (20-Year Mortgage 80% Max LTV): Interest rate 6.500%, Annual Percentage Rate (APR) 6.660%, 240 monthly payments of $3,355.08 each, total interest paid $369,843.80.
  • Non-Owner Occupied (30-Year Mortgage): Interest rate 7.500%, Annual Percentage Rate (APR) 7.792%, 360 monthly payments of $3,146.47 each, total interest paid $699,597.44.
  • Non-Owner Occupied (15-Year Mortgage): Interest rate 7.000%, Annual Percentage Rate (APR) 7.442%, 180 monthly payments of $4,044.73 each, total interest paid $293,800.45.

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 6.875%, Annual Percentage Rate (APR) 7.014%, 360 monthly payments of $5,419.66 each, total interest paid $1,154,439.93.

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.

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Equal Housing Lender