Construction Loan Options
To start the loan application process online, choose your local lender and click apply now.
Use our construction loan program to create the home of your dreams with options to buy a lot or build from scratch.
A construction loan, often used for home construction or renovation, is a type of mortgage loan. The original loan period is short-term during the construction phase. At the end of the construction period, the loan is often converted to another mortgage loan option for longer term, with more permanent mortgage financing. These changes are based on what is best for the borrower. Name your project. We’ll help you get there!
Vacant Lot Loan
The first step to building your dream home is deciding where to build and purchasing your building site -your vacant lot. A vacant lot loan is ideal if you want to secure a building site but aren't ready to start your house construction immediately.
Home Construction Loans
Ready to start building your new home? Get financing to build the home of your dreams. Our 5% down construction loan program allows for more room in your home construction budget. From financing your building site through the home construction phase to the permanent mortgage loan, our mortgage lenders are here to help explain the entire construction loan process.
Renovation Loan
If your dream home is almost in your grasp - with just a few updates - it's time for a renovation loan. With a renovation loan, you have the flexibility you need to finance projects when you want to update your current space or remodel a new home you’ve purchased. A renovation loan provides financing for major remodeling of existing homes and is different from a Home Equity Line of Credit.
Home Construction Loan Process
We work hard to help make your dream home everything you want it to be. That includes making sure you are comfortable with each step of the construction loan process. We’ll be here to guide you through:
- Down payment options, including a 5% down option
- The application
- The appraisal
- Construction loan approval & draws
- Locking your permanent rate
- Converting to your permanent loan
- The benefits of local loan servicing after your final closing
All mortgage loans are subject to credit approval.
Construction and permanent financing are subject to separate credit approval. Terms and conditions may vary. 5% cash required from buyer.
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