Build your dream. Do it with confidence.

Ensuring you have a smooth journey home. That’s MERRIMACK Style.

With a construction loan from The Merrimack, you’ll have a local lender with expertise who is dedicated to ensuring that your build goes smoothly from the day you break ground until you spend your first night in your new home. Build better with The Merrimack and enjoy:

  • Single Closing Loanspay interest only on construction costs as they are drawn during the construction phase. Upon completion, your loan switches to a traditional principal and interest loan with the same competitive rate—saving you time and money.
  • In-House Construction Managementenjoy less stress, with fewer delays and issues. Your Merrimack team provides on-site help with disbursements, appraisals, and more.
  • Experienced Construction Lending Teamget a knowledgeable local partner dedicated to you—after all, the lenders at The Merrimack are also your neighbors. Your lender will guide you every step of the way and focus on a smooth process and a high‑quality outcome.

Have questions?

Inventory of existing homes is low, so it’s the perfect time to consider building your dream home. Throughout the year, The Merrimack offers free construction loan seminars to give you a comprehensive overview of the construction lending process.

The benefits of a Single-Closing Loan with The Merrimack

The process of financing the construction of a new home has two phases – construction and mortgage. While many lenders hold separate closings at each milestone, The Merrimack offers one single closing for both phases.

While your house is being built, you’ll only need to pay interest on the land (if applicable), construction costs, and any applicable escrow. Contractors are paid as each portion of the project is completed during the construction phase, helping to keep your home on budget.

When the construction term is complete, the loan switches to a traditional principal and interest loan with the rate and term you originally closed on. Construction-to-Permanent Loans, as they are often called, offer the advantages of one set of closing costs, qualification for more than one loan at one time, and your rate being set prior to the consummation for the term of the loan. In addition, our expertise in project and partner review will help to ensure that your project makes sense and is up to industry standards.