Island Savings

Building Your Own Home

Your home should suit you (even if you want it shaped like a spaceship). At Island Savings, we can help you create your custom home with a construction mortgage.


Here’s how it works

  • With a construction mortgage, we’ll advance funds to you at various stages of construction until your new home is complete.
  • Best of all, you make interest-only payments during this construction period.


Generally the cost of building a home increases about 3% to 6% per year. So remember to include the cost of inflation if you're planning to begin construction several years from now.

Things to consider

  • Designing your new home with an architect
  • Managing your construction costs
  • Hiring a Licensed Residential Builder to build your new home
  • Obtaining building permits
  • Get further information at the Homeowner Protection Office


Have a question? Simply contact us and we'll provide you with the information you're looking for.


Use our contact form to send us a message—we'll reply to you with the details you're looking for shortly.

In Person

If you're more comfortable coming in to see us, we'd be happy to chat with you about the questions you have.

By Phone

If you’d like to call us, here is a complete list of our branch and insurance office numbers.