Construction Loans

Building Your Dream Home with Woodsboro Bank's Construction Loans

At Woodsboro Bank, we love making dreams come true! If you’ve found the perfect lot for building your forever home, we may be able to help you finance the project with a construction loan.


This loan offers a short-term repayment option and covers the following aspects:

  • The cost of the lot
  • Labor
  • Building permits
  • Construction materials

Consider one of these types of construction loans:


This option means you can apply for a loan to build your home, and we’ll convert the loan into a permanent mortgage once you move in. The best benefit of a construction-to-permanent loan is that you will avoid additional settlement fees by paying only one set of closing costs.


Are you already living in your dream home, but it needs a bit of a makeover? We have a loan for that! A renovation loan is a mortgage loan that covers the cost of major renovations. If you opt for a renovation loan, we will base your loan amount on the estimated value of your home once the renovations are complete.

We’ve simplified the process of applying for construction loans at Woodsboro Bank. To get started, all you need is:

  • A steady, verifiable income
  • A detailed building plan and project schedule
  • The estimated value of your home after renovations

couple holding hands talking to construction loan banker

woman banker helping customer with construction loan application

If you have the following in order, you can apply for your construction loan immediately:

  • A licensed builder or builder’s license
  • A building contract containing pricing and details about the project
  • Proof of income
  • Proof of employment
  • List of assets
  • Tax statements
  • Homeowners Insurance

Woodsboro Bank’s construction loans also provide much-needed capital for business owners who want to build offices, shops or showrooms. We are proud to be able to offer this commercial lending option to local business owners to help finance operational and equipment costs.

We are dedicated to the growth of the local economy, which can only happen if local businesses and entrepreneurs thrive.

ARE YOU READY TO Take the first step towards your mortgage goals?

Contact us or call 301-898-4000 to speak with the team today! Ready to move forward?

Apply Now