Construction Loan Special

Build your dream home with a mortgage from Chemical Bank.

Our Loan Officers are experienced in construction lending and will guide you through each step of the mortgage process as a true partner.

Contact your local Mortgage Loan Officer to apply today and take advantage of our construction loan special!

Construction 7/1 ARM
3.74% 4.189%APR1
Construction 7/1 ARM JUMBO*
3.99% 4.508%APR2

*Jumbo loan amounts from $453,101 up to $1.5 million

APR1 = Annual Percentage Rate. Rates are based on the borrower’s credit score. All offers subject to credit approval. Some fees and conditions may apply. Promotional Rates are offered for a limited time. APR calculations are based on a loan amount of $240,000. Interest only payments during the construction phase. Thereafter, principal and interest payments commence for the next 7 years. Interest rates are subject to potential increases over the life of the loan, once the initial rate for the 7-year period expires. Payments must be automatically deducted from a Chemical Bank account to obtain this rate. Rate reduction is only applied to the introductory rate. Rates for loans without automatic payment from a Chemical Bank account will be 3.99%/4.315% APR. Check with your local Chemical Bank for more information. Rate effective as of 3/1/18 through 4/30/18 and are subject to change.

APR2 = Annual Percentage Rate. Rates are based on the borrower’s credit score. All offers subject to credit approval. Some fees and conditions may apply. Promotional Rates are offered for a limited time. APR calculations are based on a loan amount of $800,000. Interest only payments during the construction phase. Thereafter, principal and interest payments commence for the next 7 years. Interest rates are subject to potential increases over the life of the loan, once the initial rate for the 7-year period expires. Payments must be automatically deducted from a Chemical Bank account to obtain this rate. Rate reduction is only applied to the introductory rate. Rates for loans without automatic payment from a Chemical Bank account will be 4.240%/4.635% APR. Check with your local Chemical Bank for more information. Rate effective as of 3/1/18 through 4/30/18 and are subject to change.