New Construction Loans
Build it. Buy it.
One loan and cover both construction and purchse!
A construction-to-permanent loan is more than a mortgage, it is an opportunity to build your dream home. This loan provides financing for the construction of the home and the mortgage once construction is complete- all in one loan.
One application, one closing. This loan even provides financing to purchase the lot. Already own it? You can use your equity as a down payment!
Take advantage of what this loan as to offer:
Pay closing costs and fees only once by consolidating construction and purchase
No need to requalify for a new loan when construction is complete
Loan amount based off the finished appraised value
Up to 12 months to complete construction
Rate for your mortgage is locked in before closing
Simple draw process with no set draw schedule
Programs available only to qualified borrowers. Programs subject to change without notice. Underwriting terms and conditions apply. Some restrictions may apply.
*If porperty owned prior to loan application.