Construction Loans

Build your dream home with a construction loan tailored to your needs.

What is a construction loan?

A construction loan is a short-term financing option designed to fund the building or major renovation of a home. Unlike a traditional mortgage, which provides a lump sum at closing, construction loans disburse funds in stages as the project progresses. These loans typically cover costs such as materials, labor, and permits, ensuring that you have the necessary funds to complete your home. Once construction is finished, the loan can either be converted into a permanent mortgage or paid off in full.

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Some benefits of construction loans are:

Conventional and FHA Products

Our construction loans include both Conventional and FHA options, making it easier for borrowers with different credit scores and loan-to-value (LTV) requirements to qualify. This flexibility ensures more homebuyers can access financing that fits their needs.

Fixed Rates During Construction and Mortgage

Lock in a stable interest rate throughout the construction phase and into your permanent mortgage. This protects you from market fluctuations and provides predictable payments.

One-Time Close

Save time and money with a single closing that covers both the construction loan and permanent mortgage. This eliminates the need to refinance at the end of construction, reducing costs and simplifying the process.

9- to 12-Month Construction Phase

Enjoy a flexible construction timeline, with up to 12 months for approved projects. This allows builders and homeowners ample time to complete their new home without financial pressure.

Use Your Own Land to Build

If you already own land, you can use it as part of your financing plan. Whether purchasing land or refinancing with a rate-term option, our loans provide the flexibility to build on your terms.

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