Construction Loans

Rates accurate as of April 1, 2026

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Rates accurate as of April 1, 2026
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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 6.375% Annual Percentage Rate (APR) 6.545% 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 5.875% Annual Percentage Rate (APR) 6.089% 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 5.625% Annual Percentage Rate (APR) 5.888% 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 6.125% Annual Percentage Rate (APR) 6.244% 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 5.625% Annual Percentage Rate (APR) 5.775% 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 4.250% Annual Percentage Rate (APR) 4.331% 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 6.875% Annual Percentage Rate (APR) 7.153% 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 6.500% Annual Percentage Rate (APR) 6.932% 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 6.625% Annual Percentage Rate (APR) 6.761% 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 6.375%, Annual Percentage Rate (APR) 6.545%, 360 monthly payments of $2,807.41 each, total interest paid $575,016.20.
  • Owner Occupied (20-Year Mortgage 80% Max LTV): Interest rate 5.875%, Annual Percentage Rate (APR) 6.089%, 240 monthly payments of $3,191.57 each, total interest paid $329,197.02.
  • Owner Occupied (15-Year Mortgage 80% Max LTV): Interest rate 5.625%, Annual Percentage Rate (APR) 5.888%, 180 monthly payments of $3,706.79 each, total interest paid $229,879.31.
  • 1st-Time Homebuyer (30-Year Mortgage 80% Max LTV): Interest rate 6.125%, Annual Percentage Rate (APR) 6.244%, 360 monthly payments of $2,734.25 each, total interest paid $548,108.69.
  • 1st-Time Homebuyer (20-Year Mortgage 80% Max LTV): Interest rate 5.625%, Annual Percentage Rate (APR) 5.775%, 240 monthly payments of $3,127.35 each, total interest paid $313,219.59.
  • Non-Owner Occupied (30-Year Mortgage): Interest rate 6.875%, Annual Percentage Rate (APR) 7.153%, 360 monthly payments of $2,956.18 each, total interest paid $629,693.57.
  • Non-Owner Occupied (15-Year Mortgage): Interest rate 6.500%, Annual Percentage Rate (APR) 6.932%, 180 monthly payments of $3,919.98 each, total interest paid $270,222.32.

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 6.625%, Annual Percentage Rate (APR) 6.761%, 360 monthly payments of $5,282.57 each, total interest paid $1,104.048.24.

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 $404,500.00 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) 4.331%, 360 monthly payments of $1989.90 each, total interest paid $320,457.26.

*Green Choice Lending Program: 0.50% off loan fee for loans $824,999 and below.

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Equal Housing Lender