Butler Bank has devoted over 107 years to financing builder's homes and subdivisions. We are committed to a long-term commitment to "Building America One House At A Time®".

Please click on a topic below for more details:

Loan Programs
Why finance with Butler Bank?
Applications
Rates
Builder Links
Q&A’s
Officer Directory
Testimonials
Hours
Directions

Loan Programs:

We offer many different financing programs, and make it a priority of providing the right financing options for your construction financing needs.

• Builder Construction loans
• Construction to Permanent loans
• Land acquisition loans
• Land development & subdivision loans
• Investment property loans
• Bridge loans and blanket loans
• Building construction and commercial real estate loans
• Rehab loans
• Spec loans
• Commercial loans

Why Finance with Butler Bank?

• We are fast, efficient, flexible, competitive and creative.
• We 'pre-approve quickly.
• We offer a wide variety of lending options.
• We advance disbursements within hours.
• We work hard to create competitive financing options to satisfy your project goals.
• We are on site immediately to discuss your financing request.
• We support you through the term of the project and respond quickly to needed extensions and renewals.
• We simplify the paperwork by paying contractors' bills generally within 48 hours of receipt of invoice.

Builder Links:

Massachusetts Regional Home Builders:

Bristol Norfolk Home Builders Association
Builders Association of Central MA
Builders Association of Greater Boston
Home Builders Association of Cape Cod
Northeast Builders of MA, Inc.

New Hampshire Regional Home Builders:

Home Builders & Remodelers Association of NH

Maine Regional Home Builders:

Home Builders and Remodelers Association of Maine

Local and National Associations:

The Builders Association of Greater Boston
Home Building Association of MA
National Association of Home Builders
MA Association of Realtors
Boston Society of Architects
American Institute of Architects
Home Builders Institute
MA Association of Land Surveyors & Civil Engineers, Inc.

Reference Sources/Publications:

The Warren Group
Builders Book Store
Commonwealth Communities
NAHB Research Center
Building online
American Builders Network, Inc.
The Blue Book of Building and Construction
Bankers & Tradesman On-line

Products and Services:

Littleton Lumber

Regulations:

Massachusetts Board of Building Regulations and Standards

Q&A

Q: How do I file an application with Butler Bank?
A: You can obtain an application from the website and mail or fax it back to the bank (978-442-1762). Call 888-285-7251 should you have any questions. We can have one of our Construction Loan Sales Associates meet with you at your place of business and prepare the loan application with you.

Q: What geographic area do you do business in?
A: We have no boundaries in New England and currently have projects from Cape Cod to N.H. and Maine.

Q: Are we required to have a deposit account with Butler Bank?
A: Yes, however, we can arrange for a courier to pick up your banking needs.

Q: How quickly are construction draws funded?
A: It is our procedure to fund requests generally within 48 hours upon receipt and there is no limit on the number of draws requested.

Q: Can you manage the end financing for the builders customers?
A: Yes. We offer adjustable and fixed rate mortgages.

Q: How soon after I file an application will I hear from the Bank?
A: We make it our procedure to respond with a loan commitment letter within five business days assuming all required paperwork is presented.

Q: Do you offer loans to expand or rehab an existing property?
A: Yes, we enjoy rehab loans.

Q: What percentage of construction funds do you advance?
A: Generally 100%.

Q: Is there an option to renew the initial loan for an extended period of time?
A: Yes, we can renew the loan if construction is progressing.