There aren’t many life events as thrilling as building your own home! If that’s your dream and you’re planning to build in Central Indiana, First Internet Bank offers loans to finance your construction.

Our innovative construction-to-permanent loan program allows you to finance the construction of a new home, and then convert the loan to permanent financing once your house is built. You can lock your final mortgage rate prior to construction, with 8- or 12-month locks to accommodate build times. You can also get loans with as little as 5 percent down — and you can do all this with only one visit to the closing table!

What we offer

At First Internet Bank, you can get:

  • Conventional loans with as little as 5% down
  • Jumbo loans with as little as 10% down
  • Portfolio fixed rate and adjustable-rate programs
  • Piggy-back second mortgage programs

And when you work with the First Internet Bank Construction Lending team, you always get:

  • Local appraisers
  • Timely, local processing, underwriting and closing
  • Responsive, local draw disbursements

Talk to a loan officer

1
Select a builder
2
Find a lot
3
Develop blueprints
4
Lock your rate
5
Schedule an appraisal
6
Complete the title report
7
Provide documentation
8
Begin processing and closing
9
Build your home
10
Move in!
11
Convert your mortgage

Helpful resources and additional information

Mortgage Terms

Find answers to your questions or brush up on your knowledge of mortgage terms with our glossary.

Learn More

Affordability

Read this quick article to help you determine “how much home” you can reasonably afford.

Read Now

Calculator

Use our handy mortgage calculator to help you determine the best option.

Do the Math

Construction Loan Officers

Currently unavailable

Raymond J. Berger

Vice President Residential Mortgage Origination

317-590-3300

rberger@firstib.com

NMLS# 445953

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Currently unavailable

Arthur G. Haan II

Residential Lending Manager

844-867-9649​​​​​​​

ahaan@firstib.com

NMLS# 728343

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