Construction Loans - BrightBridge Credit Union

BrightBridge branches will be closed on Monday, Oct. 12, 2026, for Columbus Day. Your account remains accessible through mobile, online and telephone banking, plus our ATM network.

BrightBridge Credit Union, Lawrence, Massachusetts has petitioned the Massachusetts Division of Banks for permission to close a branch office at 100 Macy Street, Amesbury, MA 01913. Any objections or comments relative to this proposal must be communicated in writing to the Commissioner of Banks, Mary L. Gallagher, MA Division of Banks, One Federal Street, Suite 710, Boston, MA 02110 or dob.comments@mass.gov no later than two weeks from September 25, 2026. Please be sure to visit our Seabrook branch, located approximately 7 miles away, at 700 Lafayette Road, Unit 103A, Seabrook, NH 03874.

Routing #2113 8492 6
(800) 356-0067
Locations & Hours

Money Matters Open an Account Apply for a Loan

Routing #2113 8492 6
(800) 356-0067
Locations & Hours

Money Matters Open an Account Apply for a Loan

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Home / Borrow / Construction Loans

We can take you from Close to Build to Complete

Who is a construction loan best for

You should get a construction loan if you are looking to:

Build a one unit home for you and your family
Purchase land and build a one unit home for you and your family

Construction loan features

This loan requires just one closing!

During construction: Pay monthly interest-only payments based on the amount of the loan that has been dispersed to date.
After construction and the loan is fully dispersed: It will automatically convert to a permanent loan and payment will include both principle and interest

The construction program allows for Fixed and Adjustable Rate Options.

A partner through the process

After you have closed on the loan, you will be assigned a Construction Loan Specialist. This specialist will be your partner though the completion of your project. They will assist you with the loan disbursement process and answer your questions.

Ready to get started?

Complete this form to start on the journey towards building your dream home!

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Meet our Mortgage Team

Linda Brackett

Linda Brackett
T: (800) 356-0067 ext. 32424
C: (978) 835-4359
NMLS# 767583

Linda Brackett QR Code

Stephanie Medina Costigan

Stephanie Medina Costigan
T: (800) 356-0067 ext. 27258
C: (781) 570-1504
NMLS# 2660771

Stephanie Medina Costigan App QR Code

Jessica Fermin

Jessica Fermin
C: (978) 967-6728
NMLS# 1796769

Jessica Fermin App QR Code

Maria Hatstat

Maria Hatstat
C: (781) 960-7331
NMLS# 2222082

Maria Hatstat App QR Code

Bill Hitchcock

Bill Hitchcock
C: (781) 736-9846
NMLS# 20808

Bill Hitchcock App QR Code

John Hubbard

John Hubbard
C: (978) 618-0299
NMLS# 22232

John Hubbard App QR code

Michael Kelley

Michael Kelley
P: (413) 636-4053
NMLS# 531261

Michael Kelley App QR code

John Privitera

John Privitera
T: (800) 356-0067 ext. 22614
C: (978) 835-2977
NMLS# 113096

John Privitera QR Code

David Reinherz

David Reinherz
C: (617) 686-4410
NMLS# 45233

David Reinherz App QR code

Rebecca Scaglione

Rebecca Scaglione
T: (800) 356-0067 ext. 22643
C: (978) 609-8684
NMLS# 406357

Rebecca Scaglione QR Code

Paul Carriere

Paul Carriere
AVP, Mortgage Sales Manager
C: (781) 228-1058
NMLS# 31940

Paul Carriere QR Code

Scan the QR code to start speaking with a Mortgage Loan Originator today!

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Disclosures

Home Equity Loan:
For a 1st Lien: Payments do not include taxes and insurance, actual payment obligation will be higher. The APR is an estimate and could be higher, based on the date of closing and the number of days interest collected at consummation. APR may change without notice. Minimum loan amount is $10,000. There WILL be an appraisal fee for applications $250,000 and over which can range from $485 - $780.

Home Equity Line of Credit:
Minimum Home Equity amount is $10,000. Maximum interest rate for Home Equity Lines of Credit is 18.00%. The maximum annual percentage rate that can apply is 18%. There is an appraisal fee for loan applications over $250,000 which can range from $485 - $780. The interest rate is based on the Wall Street Journal Prime Rate and may vary monthly. An early termination fee may apply if closed within the first 12 months. Must meet eligibility guidelines. APR may change without notice.

Calculator:

Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.