Construction Loans

What is a Construction Loan?

A construction loan provides financing to build a new home from the ground up. Our construction-to-permanent loans combine the construction financing and permanent mortgage into a single loan with one closing, saving you time and money.

Key Benefits

One-Time Close: Single closing for construction and permanent loan
Interest-Only During Construction: Only pay interest on funds drawn
Lock Your Rate: Lock in your permanent rate before construction
Flexible Draw Schedule: Funds released as construction progresses
Build on Your Lot: Finance land and construction together

How It Works

Get Pre-Approved

We review your finances and approve you for a construction loan amount.

Select Your Builder

Choose a licensed, qualified builder and finalize your plans.

Close Your Loan

One closing covers both construction and permanent financing.

Construction Phase

Funds are released in draws as your home is built.

Move In!

Loan automatically converts to permanent mortgage.

Construction Loan Requirements

Minimum Credit Score 680+ typically required

Down Payment 10% - 20%+

Debt-to-Income Ratio Up to 43%

Builder Requirements Licensed, insured, experienced

What You'll Need

Detailed construction plans and specifications
Builder contract and cost breakdown
Land purchase contract (if not already owned)
Builder's license, insurance, and references
Standard income and asset documentation