Construction Loans

The blueprint you need to finance your new home construction.

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Build your dream home from the ground up.

Whether you’re building a home from scratch, adding an addition to your existing home, doing extensive renovations, or looking to build a garage or other outbuilding on your property, a Construction Loan from BankFive can help. We’re committed to helping our Massachusetts and Rhode Island neighbors achieve their new construction dreams.

If you can dream it, you can build it:

Can be used for land purchase
Use funds to cover permits and fees, excavation, building materials, labor, inspections, and more
Construction-to-permanent options available

No matter where you're at in your home construction journey, it's never too early to start a conversation with one of our dedicated mortgage loan officers. Schedule a free consultation with us today!

Homeowner Resources

Jun 02

My loan officer is great his help me a lot to put all documents together Iam so grateful to know Dennis

Zoraya

Mar 14

Thank you everyone was very helpful and will recommend bank five to others

Sandra

Feb 07

Thank you Jeff and Robert for your hard work!

customer

Dec 06

Process was fast. Lender was available all times to answer questions.

Ronald

Sep 29

Monica Botelho got us a great mortgage rate in a really rough environment - not only that, but we closed on our house in what must have been close to record time! Thanks Monica! -Nick + Danie

Nick Ravs

Aug 10

Claudette and Nicole were so professional and easy to speak with. Even with my probably dumb questions, they were patient, prompt in their call backs and emails and very articulate. Nice job!

Robert

Jun 29

I worked with Wilfredo, Omar & Robert from BankFive on the lending loan of my mortgage. They were very helpful, patient and informative. Definitely happy with using this bank and I would recommend it to anyone I know.

Eliza Michelle Asturias

Jun 28

We have been with Bank Five, since they opened their Dartmouth Branch. Always: courteous, concerned, helpful and loyal to their customers and staff. A feeling of extra security in a Family atmosphere. What more could be said! Thank you Bank Five for ‘Being There!’ 🏦👍🗽

Robert & Sharon Morgan

Jun 22

Everyone from the leader to realtor to attorney ect all work as a team

William

May 24

Bank five looked at our situation as a whole to determine the positive outcome of approving our mortgage, and found ways to get things . Something that other lenders said they would do but could not deliver what was promised and caused more harm than good to our situation . James Hanewich was especially good with his job , He had clear communication the whole process and delivered on what he said at the end . Thank you all at Bank Five for helping families own homes and we look forward to a great relationship in the YEARS to come

Paul Aoun

Apr 11

Michelle Guertin and everyone else we worked with at Bank 5 was awesome. Very helpful and friendly. They made our loan process easy. Highly recommend them.

Tim McGee

Feb 01

We had a great experience obtaining a competitive land loan to ultimately be in position to build our dream house. The BankFive representatives were world class, personable individuals who were readily available and helpful each step of the way.

Dan

Feb 01

Prompt. Honest. Upfront. Need sensitive.

Uday

Feb 01

Everyone was very helpful throughout the process - Lindsay and Danielle were great.

Stephen

Jan 11

I encountered a issue with my mortgage payment and the bank couldn't have been more helpful. They actually reached out to notify of the payment issue something I wouldn't have noticed on my own. At a larger bank, it would have gone unchecked and potentially lead to penalties.

Michael

Sep 21

We needed a land loan, Bank5 was one of the only banks I could find for that loan. The process was quick and smooth. I would recommend them to anyone!

Joseph

Sep 15

Bank5 is very accommodating.

Frank

Aug 02

Was a good experience at all levels(from customer service - the Loan departments).

Mulu

Jul 13

I have used different banks over the years to finance my home, but I found BankFive's team to be -by far- the most efficient, effective and collaborative I have ever worked with. I never thought I would say this but getting a mortgage was a really good experience.

Dear Customer

Jul 13

Seamless operation. Very efficient; and very organized

David