Construction Loans

Build the Home You’ve Been Dreaming Of

Overview

A construction loan provides financing to build a home from the ground up. Unlike traditional mortgages, construction loans distribute funds in stages as the home progresses. These programs support homeowners and builders throughout every phase — from foundation to final inspection.

Key Features

✓ Funds Released as the Home is Built

Money is disbursed in draws tied to construction milestones.

✓ One-Time or Two-Time Close Options

Depending on the program:

• One-Time Close: combine construction + permanent mortgage

• Two-Time Close: separate loans for building and permanent financing

✓ Interest-Only During Construction

Many programs allow interest-only payments until construction is complete.

Who Construction Loans Are For

• Families building a custom home

• Buyers constructing a home on land they already own

• Borrowers purchasing land and building simultaneously

• Homeowners doing major structural additions

Requirements

Construction loans typically require:

• Detailed construction plans

• A licensed and approved builder

• A cost breakdown

• Appraisal based on the future home

• Strong credit and financial stability

These loans involve more documentation than a standard mortgage — we help streamline the process.

Frequently Asked Questions

Can I build on my own land?

Yes — construction loans commonly allow building on land you already own.

Can I use a construction loan for renovations?

In most cases, construction loans are for major builds, not small remodels.

Do I need a builder’s contract?

Yes — lenders need a builder agreement and plan specifics before funding.