You’re building so much more than a house. You’re building your home. The place where family comes together, memories are made, and futures are planned.
At Webster First, we understand how important financial decisions with home construction can be. That’s why our commitment is to you, and understanding your unique needs. We’ll help you make the right decision, so you can focus on what really matters.Apply Now
Construction program details
- Rates as low as 6.500% APR*
- Rates are the same as our fixed rate and adjustable rate mortgages, based on your financing choice
- Enjoy an extended 12 months to build your dream home
- No pre-payment penalties
- Shrink your term by making extra payments to your principal balance
- Your loan converts to a regular fixed rate or adjustable rate mortgage after construction is complete
- Save money with only one closing
What to expect after you apply
We'll put it together
Your Mortgage Loan Officer will help you gather the necessary documentation and take care of disclosures.
Our underwriters will pull your credit and make calculations to determine if you are approved for the mortgage. They will also determine your interest rate based on those calculations.
Processing and appraisal
After approval, our team will process your loan and order your appraisal. When your appraisal is returned, the processors can complete their verifications and put together your Closing Disclosure.
Our in-house closing agent, WebFirst Mortgage, LLC, will walk you through your final paperwork. Congratulations, you're ready to build!
Our mortgage app makes it easy
Looking to buy or refinance a home? Our digital mortgage app makes it easy and convenient.
With one login, you can apply for a loan, complete tasks, securely scan and upload docs, submit payments, check on your loan status, eSign documents, and more. When you start an application online, you’ll find links to download the app to your favorite device.
How can we help?
Our dedicated loan center team is happy to answer your construction loan-related questions or provide assistance with completing an online construction loan application.
Monday – Wednesday: 8:00 a.m. – 4:30 p.m.
Thursday & Friday: 8:00 a.m. – 5:00 p.m.
Saturday & Sunday: Closed
2023 Winner: Best of Central Mass
2022 Top Lender: Banker & Tradesman
Rated 5 Stars by Bauer