Home Construction Loans

A home construction loan provides financing for the building of a new home, with options from just 5% down. Construction loans are short-term and often converted to permanent financing* at the end of the construction period.

As easy as 1, 2, 3, 4, 5% down - We can help you get there:

1. Apply for pre-approval. Here's some helpful information to have ready at the time of application:
   • W2’s and federal tax return for the past 2 years
   • Most recent paycheck stub covering last 30 days
   • 2 most current months account statement for bank and investment accounts (all pages)
   • Recent 401k or retirement statement
   • Driver’s license or photo ID
2. Choose a builder, a lot, and a housing plan. 
3. Once your plans and specifications are received from the builder, an appraisal can be ordered. After the appraisal is received, your loan package will be submitted for approval. 
4. Construction to permanent loan conversion may allow for reduced fees on permanent financing with local servicing. When the home is complete, the appraiser performs a final inspection and that, along with updated income and asset documentation, is submitted to underwriting for approval on the construction loan conversion to make the loan permanent. If approved, you close on your home and move in.
   
   If you select our One-Time Close Construction program, loan modification papers will be your final documentation step.
5. With as little as 5% down.

Understand the full process of construction to permanent financing.