Construction
Loan

What is it?

Combining the construction phase and amortizing permanent mortgage in one loan saves you time and money. You only need to qualify once, saving you added stress obtaining a loan to pay off the construction loan. One loan saves you money on closing costs! Closing the loan before construction starts saves you money if interest rates rise once your home is complete.

What to Expect

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We will start your application and request documentation to qualify you for the loan.

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If you alreaqdy have a builder in mind, it’s important to let us know who that builder is. We complete background checks to make sure the builder you select has a low risk of causing any defaults.

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If we do not have a current relationship with your selected builder, we will send them a relationship packet to complete.

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The rest of the process moves like a regular loan, once you close on the land and house with the construction phase loan terms, building wil lstart. Once construction is completed, and the city has issued a Certificate of Occupancy, we will modify to the permanent loan tearms.