Construction Loans at Investment Savings Bank

Construction Loans from ISB

Your new home will be unique, different than any other home because it’s yours.  Choosing a lot, home design, contractor and financing options can be overwhelming.  Let the experienced mortgage professionals at ISB guide you through the process of building YOUR new home.

We’ll also be here after you move in!  We’re a local community bank and we know our customers by name.  We service every loan we originate, right here in Altoona, PA.  For you, that means prompt, courteous service.

Availability:

Mortgage Loans are available to any person 18 years or older. Subject to our Lending Policy and Residential Loan Underwriting Standards.

Escrows:

Are optional at the customer’s discretion for all assessments due to property taxes and hazard insurance.  Where applicable, it is required for flood insurance and private mortgage insurance.

Term:

Up to 12 months for construction followed by permanent financing up to 30 years.

Down Payment and Closing Costs:

  • Minimum of 3% subject to Private Mortgage Insurance approval
  • Reduced Closing Costs

Maximum Amount:

85% of the appraised value or purchase price (whichever is lower) with higher loan-to-value ratios available up to 97% subject to private mortgage insurance underwriting and approval.

Altoona Office
900 S. 16th Street 
Altoona, PA  16602
Phone: (814) 944-0843
Fax: (814) 942-6821
Email: click here

Lobby Hours
MON-FRI: 9:00am – 4:30pm

Drive Up Hours
MON-THU: 9:00am – 4:30pm
FRI: 9:00am – 6:00pm
SAT: 9:00am – 12:00pm

Holiday Hours

Duncansville Office
201 Patchway Road
Duncansville, PA 16635
Phone: (814) 695-7551
Fax: (814) 695-1369
Email: click here

Lobby Hours
MON-FRI: 9:00am – 4:30pm

Drive Up Hours
MON-THU: 9:00am – 4:30pm
FRI: 9:00am – 6:00pm
SAT: 9:00am – 12:00pm

Holiday Hours

After Hours
To report a lost or stolen debit card
after business hours, please call
1-800-554-8969.

To report a lost or stolen credit card
after business hours, please call
1-800-325-3678.

For credit card balance inquiries
after business hours, please call
1-800-299-9842.

ISB Bank
FDIC and Equal Housing Lender

©2017 Investment Savings Bank
All Rights Reserved.
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