Start Building Your Dream Home Today with Sawyer Savings Bank!

Construction Loan Financing Program

Whether you are considering a Ground-Up Construction, a Modular Build, a Log Home, Custom Kit Home, or Manufactured Home, Sawyer Savings Bank can help with your financing needs.

  • Financing available on both primary and secondary residence, and investment properties.
  • Expert, personalized service from start to finish.

We offer a 2-closing approach a Construction to Permanent Mortgage.

Are you ready for the Construction Phase?

  • Finalized Plans and Estimates
  • Foundation Survey
  • Building Permit
1st closing: Construction Phase
  • Rate is 1% over approved product rate* refer to rate sheet.
  • 18-month draw period with Interest Only Payments
  • Construction draws based off disbursement schedule upon completed inspection.


Are you ready for the 2nd closing?

  • Certificate of Occupancy
  • Completed Survey
  • Has it been over a year? We may need updated financial documents and appraisal information.
2nd closing: Permanent Loan:
  • Rate is fixed at product approval. * refer to rate sheet
  • Up to 30 years financing available.
  • First Time Homebuyers are eligible for construction loans, refer to FTHB page for more information.
  • Reduced closing costs at second closing.

You can lock your rate in at any time, your loan originator will go over all the details with you during your loan interview.

We know your time is valuable and our online application process is designed for convenience. Let Sawyer Savings be your online mortgage lender. Get started by visiting our Online Mortgage Center. Once you apply, our Lending Originator, Jennifer,  will help you choose the right residential lending product to fit your needs.

Helpful tips for what to bring in!

Documents needed at application, as applicable:

  • Home plans, cost estimates, proposals and/or contract
  • Land deed and tax bills

Documents to be provided prior to scheduling the construction loan closing, as applicable:

  • Building Permit
  • Survey, (at least two copies) with certification to all borrowers as shown on your deed or Contract of Sale, Sawyer Savings Bank ISAOA and your Title Insurance Company. The survey may be a perimeter or proposed if there are no improvements on the property as of the construction closing date. This will allow for a land disbursement only.
  • Prior to receiving a disbursement for your excavation and foundation; the foundation must be plotted on the survey. Contact us to order an inspection of the excavation & foundation.
  • Please note the Survey in most cases will need to be updated twice after the initial submission
  • Homeowner’s Insurance

Documents to be provided prior to Permanent Loan Closing

  • Certificate of Occupancy
  • Survey updated to show actual house, well, septic and driveway.
  • We’ll need to update your income, credit, and asset statements. We will request updated income and assets statements.  We will update your credit report.  

Ready to get started?
Let’s build your dream home, together.

photo of Jennifer Musci

Contact Me

Jennifer Musci

Lending Originator

NMLS# 1481886

Direct: 845-217-6011
Fax: 845-691-7183
85 Market Street, Saugerties, NY 12477