Start Building Today with Financing from Solvay Bank
Are you ready to turn your dream home into a reality? Solvay Bank offers construction loans with flexible financing options, competitive rates and local decision-making to help you build the home you’ve always wanted.
Why Choose Solvay Bank for Your Construction Loan?
With over a century of service as the oldest community bank in Onondaga County, Solvay Bank is a trusted partner for your homebuilding journey. We understand the importance of having a reliable financial ally, which is why we offer construction loans with the following benefits:
- Up to 365-Day Rate Lock – Keep your interest rate secure for up to a full year at no extra charge.
- Loan Amounts Up to $1 Million* – We offer generous loan amounts to fit your project needs. Loans over $1 million are available with additional bank approval.*
- Low Down Payment Options – Get started with as little as 5% down* for both construction draw and end loans.
- Local Decision-Making & Servicing – We understand the local market and provide personalized, fast decisions for your loan.
- Streamlined Process – Benefit from a smooth application process and convenient loan servicing every step of the way.
- Strong Relationships with Local Builders – Solvay Bank has built strong partnerships with many local builders in the community, to ensure your construction project runs smoothly and with the highest level of expertise.
- Proud Affiliate of Homebuilders & Remodelers of CNY – As an affiliate member of the Homebuilders & Remodelers Association of Central New York, we stay connected with the local construction industry and are committed to supporting the growth and development of our local housing market.
How Solvay Bank’s Construction Loans Work
When you’re building a new home, our construction loan process is designed to be simple, transparent and efficient. You’ll have the flexibility to secure financing for both the construction phase and the permanent mortgage, all through one loan.
What We Offer:
- Construction Draw Loans – Finance the building stages of your home as you reach key milestones.
- End Loans – Secure permanent financing once your construction project is complete, with the same low rate and term.
- Competitive Rates – We offer highly competitive rates to make your dream home more affordable.
Ready to Get Started?
Don’t wait—take the first step toward building your dream home with Solvay Bank today.
Or give us a call for more information at 315-484-2205.
We’re Here to Help You Make Your Vision a Reality
*Lending is subject to credit and property approval. This is not a commitment to make a mortgage loan. Certain terms and conditions may apply. Programs, rates, terms and conditions are subject to change without notice. NMLS #463170. Member FDIC. Equal Housing Lender.