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Open Doors with Dime's 10/10 ARM Construction Loans

If you're looking for a new home and still finding it hard to find, take matters into your own hands. Build it yourself. Dime's Jumbo Construction Loan and our team of lending experts can help you open doors.

 
  • No prepayment penalty
  • One year to build
  • Interest-only payments during construction
  • Jumbo & conforming mortgage amounts
  • No points
  • One closing
  • Stick build or modular
  • Up to 80% loan to value
* Effective 5/15/2026 APR based on a 31-year term. Loan to Value (LTV) of 80% or less (20% down payment is required). APR is Annual Percentage Rate and is accurate as of effective date. APR is subject to increase after closing. The initial interest rate of 5.75%, APR 6.261% is fixed for 120 months, which includes a 12-month interest only construction period. After the first 120 months, the rate is variable and can increase or decrease every 120 months and will adjust based on the weekly average yield on United States Treasury Securities adjusted to a constant maturity of 10 year(currently 4.41%) plus our margin of (2.875%) rounded to the nearest (.125%). The maximum increase per adjustment period is (3.00%) with a maximum lifetime increase of (6%) over the initial rate. Based on current market conditions and a 5.75% initial interest rate, the payment schedule for an 80% Loan to Value (LTV) loan would be Interest due on the amount of credit outstanding during the aforementioned 12-month construction period paid monthly (estimated at $3,990.27 when fully advanced) followed by: 108 payments of $4,859.70 at an interest rate of 5.75 %, 251 payments of $ 5,425.83 at an interest rate of 7.25%,1 payment of 5,423.53 at an interest rate of 7.250%. Monthly payments do not include taxes or insurance therefore, actual payment will be greater. This payment schedule is based on a $832,751 loan on a $1,040,938 property in New London County, CT. The assumed credit score is 740. Other terms and rates are available. All rates are subject to change daily. These rates are for loan amounts greater than $ 832,750, owner-occupied, single-family property. Rates subject to change. Monthly P & I payment may increase after consummation.