Construction Loans

We’re here to help with great rates starting at 1.99% with an APR of only 4.46%*

As the home buying season is heating up, home buyers are experiencing problems finding homes for sale. When they do, these homes often times have multiple offers. If you need to sell your home, in most cases, the seller will bypass your offer and work with someone who does not require the sale of their home.

Because of these setbacks, demand to construct a home has continued to grow.

At American National Bank Fox Cities, we offer a construction loan product that will help you get into your new home. The loan funds the cost to build your home and purchase a lot. The minimum down payment is 5% of the total cost of your construction project or the appraised value, whichever is less. The loan funds will be disbursed after receiving a draw request from your builder. You will need to make interest only payments during the term of your construction loan, which are calculated off the total amount of loan funds that have been used. It is important to have some reserve funds, in case you have any project over-runs or upgrades.

James G. Mueller

James G. Mueller

Mortgage Lender

NMLS #1465080

The following construction documents will be required when applying for a loan:

  • Set of house plans
  • Construction contract with the builder, including a description of material and cost breakdown of the project
  • Offer-to-purchase or title insurance policy on the lot

Be sure to take advantage of our construction loan special and put my 30 years of construction lending experience to work for you!  Call me at (920) 739-1040 or email me at

Why Choose American National Bank for Your Construction Loan?

As members of the North East Wisconsin community, we know that there is no better place to build your own home than in Northeast Wisconsin. We offer the expertise and experience you’ll find at big banks, but with a personal touch. We understand that every borrower is different, and we offer a variety of products to meet our clients’ needs.

*Annual Percentage Rate. This annual percentage rate is based on the following terms and conditions of a typical 6-month construction loan with permanent financing: $300,000 construction loan with an initial interest rate of 1.99% and a corresponding annual percentage rate of 4.46%. Interest-only payments are due monthly on the amounts advanced during the term of the loan, with one final principal payment of $300,000. Changes in the loan amount and prepaid finance charges will affect the annual percentage rate. The above payment examples do not include amounts for taxes and insurance premiums, if applicable, and the actual payment obligation will be greater.

*Annual Percentage Rate. All rates and APRs are accurate as of April 27, 2018, and are subject to change without notice. This example is indicative of an 80% LTV. For loans varying from the above parameters, please call for a rate. American National Bank Fox Cities’ National Mortgage Licensing System and Registry identification number (NMLS ID) is #555904 and currently has three registered Mortgage Loan Originators: Brent Walbrun, NMLS ID #609677, Jim Mueller, NMLS ID #1465080, and Lindsay Tafelski, NMLS ID #886167.