Construction Loans
Rates accurate as of October 16, 2026
Rates accurate as of October 16, 2026
| 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) | 7.625% | 7.814% | 1% | Contact a Loan Officer |
| 20-Year Fixed 80% Max LTV (Owner Occupied) Open/Close | ||||
| 20-Year Fixed 80% Max LTV (Owner Occupied) | 7.125% | 7.357% | 1% | Contact a Loan Officer |
| 15-Year Fixed 80% Max LTV (Owner Occupied) Open/Close | ||||
| 15-Year Fixed 80% Max LTV (Owner Occupied) | 6.875% | 7.156% | 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) | 7.500% | 7.635% | .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) | 7.000% | 7.166% | .50% | Contact a Loan Officer |
| 30-Year Fixed (Affordable Construction Program) Open/Close | ||||
| 30-Year Fixed (Affordable Construction Program) | 4.250% | 4.391% | $800 | Contact a Loan Officer |
| 30-Year Fixed (Non-Owner Occupied) Open/Close | ||||
| 30-Year Fixed (Non-Owner Occupied) | 7.875% | 8.175% | 2% | Contact a Loan Officer |
| 15-Year Fixed (Non-Owner Occupied) Open/Close | ||||
| 15-Year Fixed (Non-Owner Occupied) | 7.500% | 7.952% | 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) | ||||
| $900,000.00 and above (80% Max LTV) Open/Close | ||||
| $900,000.00 and above (80% Max LTV) | 7.750% | 7.895% | 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 7.625%, Annual Percentage Rate (APR) 7.814%, 360 monthly payments of $3,185.07 each, total interest paid $713,784.23.
- Owner Occupied (20-Year Mortgage 80% Max LTV): Interest rate 7.125%, Annual Percentage Rate (APR) 7.357%, 240 monthly payments of $3,522.69 each, total interest paid $411,476.35.
- Owner Occupied (15-Year Mortgage 80% Max LTV): Interest rate 6.875%, Annual Percentage Rate (APR) 7.156%, 180 monthly payments of $4,013.34 each, total interest paid $287,871.38.
- 1st-Time Homebuyer (30-Year Mortgage 80% Max LTV): Interest rate 7.500%, Annual Percentage Rate (APR) 7.635%, 360 monthly payments of $3,146.47 each, total interest paid $699,597.44.
- 1st-Time Homebuyer (20-Year Mortgage 80% Max LTV): Interest rate 7.000%, Annual Percentage Rate (APR) 7.166%, 240 monthly payments of $3,488.85 each, total interest paid $403,071.55.
- Non-Owner Occupied (30-Year Mortgage): Interest rate 7.875%, Annual Percentage Rate (APR) 8.175%, 360 monthly payments of $3,262.81 each, total interest paid $742,333.97.
- Non-Owner Occupied (15-Year Mortgage): Interest rate 7.500%, Annual Percentage Rate (APR) 7.952%, 180 monthly payments of $4,171.56 each, total interest paid $317,754.30.
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.
- $900,000 loan amount (80% Max LTV): Interest rate 7.750%, Annual Percentage Rate (APR) 7.895%, 360 monthly payments of $6,447.71 each, total interest paid $1,456,050.32.
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 $425,700.00 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 4.250%, Annual Percentage Rate (APR) 4.391%, 360 monthly payments of $2,094.19 each, total interest paid $340,445.89.
*Green Choice Lending Program: 0.50% off loan fee for loans $899,999 and below.
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