Construction Loans

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Construction Loans

Let Lake-Osceola State Bank help you build your dreams, from the ground up. Take out a loan during the construction process and lay down the foundation for your future.

Pay interest only on the amount you've drawn during construction. When it's over, turn your loan into a mortgage — already pre-approved by your community bank.


  • Funds disbursed in phases to save you money
  • Pay interest only on the amount drawn during construction
  • Licensed general contractor must be identified and in charge of construction process
  • Title company controls all draws*
  • Terms depend on type and complexity of construction
  • When construction ends, the loan is turned into a traditional mortgage
  • Save money with one-time closing costs
  • Tiered grading system based on financial strength
  • Local decision-making
  • Personalized service at every step

*Sworn statements and waivers necessary to receive draws. (All sworn statements must be signed by licensed contractor.)

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LOSB offers three levels of vital protection and restoration.

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