Construction Loans
Rates accurate as of November 6, 2026
Rates accurate as of November 6, 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) | 7.375% | 7.560% | 1% | Contact a Loan Officer |
| 20-Year Fixed 80% Max LTV (Owner Occupied) Open/Close | ||||
| 20-Year Fixed 80% Max LTV (Owner Occupied) | 6.875% | 7.103% | 1% | Contact a Loan Officer |
| 15-Year Fixed 80% Max LTV (Owner Occupied) Open/Close | ||||
| 15-Year Fixed 80% Max LTV (Owner Occupied) | 6.625% | 6.902% | 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) | 7.250% | 7.382% | .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) | 6.750% | 6.913% | .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) | 7.625% | 7.920% | 2% | Contact a Loan Officer |
| 15-Year Fixed (Non-Owner Occupied) Open/Close | ||||
| 15-Year Fixed (Non-Owner Occupied) | 7.250% | 7.697% | 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) | 7.500% | 7.643% | 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 7.375%, Annual Percentage Rate (APR) 7.560%, 360 monthly payments of $3,108.04 each, total interest paid $685,485.71.
- Owner Occupied (20-Year Mortgage 80% Max LTV): Interest rate 6.875%, Annual Percentage Rate (APR) 7.103%, 240 monthly payments of $3,455.16 each, total interest paid $394,707.51.
- Owner Occupied (15-Year Mortgage 80% Max LTV): Interest rate 6.625%, Annual Percentage Rate (APR) 6.902%, 180 monthly payments of $3,950.97 each, total interest paid $276,081.56.
- 1st-Time Homebuyer (30-Year Mortgage 80% Max LTV): Interest rate 7.250%, Annual Percentage Rate (APR) 7.382%, 360 monthly payments of $3,069.79 each, total interest paid $671,441.18.
- 1st-Time Homebuyer (20-Year Mortgage 80% Max LTV): Interest rate 6.750%, Annual Percentage Rate (APR) 6.913%, 240 monthly payments of $3,421.64 each, total interest paid $386,380.02.
- Non-Owner Occupied (30-Year Mortgage): Interest rate 7.625%, Annual Percentage Rate (APR) 7.920%, 360 monthly payments of $3,185.07 each, total interest paid $713,784.23.
- Non-Owner Occupied (15-Year Mortgage): Interest rate 7.250%, Annual Percentage Rate (APR) 7.697%, 180 monthly payments of $4,107.88 each, total interest paid $305,731.89.
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 7.500%, Annual Percentage Rate (APR) 7.643%, 360 monthly payments of $6,292.93 each, total interest paid $1,399.205.40.
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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