Construction Loans: Your loan will be funded based on a disbursement schedule as work is completed, and the total loan amount is based on the value of your land and the cost of completed construction. You pay interest only until your home is completed and you take residence, at which time First Savings will convert your loan to a standard mortgage.
 

Lot Loans: Even if you plan to wait a few years to build, you can acquire your land through a First Savings lot loan. Your loan will be amortized over fifteen years, with a balloon payment in five years.  To qualify, your lot must have public water and sewer, or be percolation-test approved.
 

Investment Loans: If you are looking to purchase property for income or investment purposes, a First Savings investment loan will get you started.