Construction Loans
Financing for your dream home or major renovation.
Program Overview
What is a Construction Loan?
Construction loans provide short-term financing to cover the costs of building a new home or completing a major renovation. During construction, funds are disbursed in stages as the work is completed and inspected.
Many construction loans can convert to a permanent mortgage once construction is finished, giving you one closing and a seamless transition from builder to homeowner.
Key benefits
Why Borrowers choose this loan?
One-Time Close Options
Combine construction and permanent financing with a single closing.
Interest-Only During Build
Make interest-only payments while your home is under construction.
Stage-Based Disbursements
Funds are released as construction milestones are completed and inspected.
Custom Builds Welcome
Finance a home built to your specifications on your own lot.
Renovation Projects
Major structural renovations and additions may also qualify.
Convert to Permanent Loan
Roll into a long-term mortgage when construction is complete.
eligibility
Do you Qualify?
Every borrower's situation is unique. Below are typical guidelines. Our loan officers will review your specific scenario and confirm eligibility quickly.
✔ Detailed construction plans, specs, and a fixed-price contract from a licensed builder
✔ Down payment typically 10–20% depending on program
✔ Strong credit score and financial reserves
✔ Appraisal based on the completed value of the home
✔ Borrower must qualify for the permanent financing terms
