With us, there's no need to apply for separate construction and permanent mortgages when building a home.  Our loan converts from a construction mortgage to a permanent mortgage upon completion of construction with no change in rate and no fees for conversion; saving you both time and money!

Features:

  • Pre-qualify to determine an affordable price range for your land/home purchase
  • Construction period of 9 months with interest-only billed monthly
  • Rate guaranteed for 90 days from application1
  • Both adjustable rate and fixed rate mortgages available
  • Flexibility to choose your own builder
  • Construction inspections and draw payouts performed in a timely manner
  • Use the equity in a lot you already own towards your down payment
  • Autopay credit applied at closing2
1

 For a timely response you must direct all billing inquiries and requests for information on your loan to:  ESSA Bank & Trust, Attn: Loan Servicing, PO Box L, Stroudsburg, PA 18360-0160.

2

Loans subject to credit approval. Application fee must be received within 15 calendar days of application to guarantee interest rate..

3

Is initiated when borrower authorizes automatic payment from an ESSA checking account.