Construction Loans
Finance your dream home from the ground up with specialized loans designed for new construction and major renovations.
Benefits of Construction Loans
Construction loans offer unique advantages for those looking to build or extensively renovate a home.
Build Your Dream Home
Design and build a custom home that perfectly matches your vision and needs.
One-Time Close Options
Combine construction and permanent financing into one loan to save on closing costs.
Interest-Only Payments
Make interest-only payments during construction to keep costs manageable.
Flexible Draw Schedule
Access funds in stages as construction progresses, paying interest only on what you use.
Renovation Options
Finance major renovations or additions to your existing home.
Lot Purchase Included
Many construction loans can include the purchase of land in addition to building costs.
Types of Construction Loans
We offer several construction loan options to fit your specific needs.
Construction-to-Permanent Loans
A single loan that converts from a construction loan to a permanent mortgage once building is complete, requiring only one closing.
- One set of closing costs
- Lock in permanent financing terms early
- Interest-only payments during construction
Construction-Only Loans
Short-term financing that covers only the construction phase, requiring separate permanent financing when construction is complete.
- Flexibility to shop for permanent financing later
- May offer more flexible qualification requirements
- Typically 12-18 month terms
Renovation Loans
Financing for major renovations or additions to an existing home, with loan amounts based on the after-renovation value.
- Finance purchase and renovation in one loan
- Refinance and renovation in one loan
- Based on completed value, not current value
Owner-Builder Loans
Specialized loans for homeowners who plan to act as their own general contractor during construction.
- Save on general contractor fees
- More direct control over the building process
- Requires construction experience or expertise
Frequently Asked Questions
Common questions about construction loans.
Ready to build your dream home?
Get personalized construction loan options based on your specific situation. No obligation and no impact on your credit score.