CONSTRUCTION LOANS
Build Your Dream Home with Confidence
Whether you’re building your first home, your forever home, or a custom home designed just for your family, a construction loan can help finance the process from the ground up. Our experienced mortgage team will guide you through every step, making the financing process simple and straightforward.
What Is a Construction Loan?
A construction loan is a short-term financing solution that helps pay for the cost of building a new home. Funds are typically disbursed in stages as construction progresses, and once your home is complete, the loan may convert to permanent financing or be paid off with a traditional mortgage, depending on the loan program.
Whether you’re working with a builder or planning a custom home, we’ll help you understand your financing options and guide you through the process from start to finish.
Why Choose a Construction Loan?
Building a home gives you the opportunity to create a space that’s uniquely yours. A construction loan provides the financing needed to bring your vision to life while offering flexibility throughout the building process.
Build the Home You Want
Design a home that fits your lifestyle instead of settling for an existing property.
Flexible Financing Options
Choose a construction financing solution that fits your project and long-term goals.
Stage-Based Funding
Funds are released as construction milestones are completed, helping keep your project on track.
Expert Guidance Throughout the Process
Our mortgage team works closely with you, your builder, and other professionals from groundbreaking through closing.
Financing
New Construction
Loan Type
Construction-to-Permanent or Stand-Alone
Timeline
Varies by Project
Property
Primary Residence (programs vary)
Construction Loan Benefits
Build the Home You’ve Always Wanted
Create a home designed specifically for your family.
Financing Designed for Your Project
Financing options designed around your construction project.
Guidance Every Step of the Way
We’ll work with you and your builder throughout the process.
Funding That Keeps Your Project Moving
Funds are released as construction progresses.
Competitive Financing Options
Explore financing solutions that fit your long-term goals.
Personalized Service from Start to Finish
Guidance from planning through move-in day.
Who Can Benefit from a Construction Loan?
Construction loans are a great option for buyers who want to build a home that fits their vision instead of purchasing an existing property. Whether you’re building your first home, creating a custom design, or partnering with a trusted builder, our team will help you find the financing solution that best fits your project and long-term goals.
First-Time Builders
Building your first home?
If you’re ready to build instead of buying an existing home, a construction loan can help finance the process from the ground up while providing guidance every step of the way.
Custom Home Buyers
Design a Home That’s Truly Yours
Build a home tailored to your lifestyle, needs, and personal style instead of compromising on an existing property.
Growing Families
Create Space for Your Future
Whether your family is expanding or your needs are changing, building a custom home gives you the flexibility to create the perfect space for years to come.
Buyers Who Can’t Find the Right Existing Home
Build Instead of Settling
If you’ve searched for the perfect home but haven’t found one that fits your needs, building may be the ideal solution.
Buyers Working With a Builder
Already Have a Builder?
We’ll work closely with you and your builder to help keep your financing and construction timeline moving smoothly from start to finish.
Need Help Planning Your Project?
We’re Here to Help
Not sure where to begin? Our experienced mortgage team can explain your financing options, answer your questions, and help you build a plan that fits your goals.
Construction Loans vs. Traditional Loans
Compare the most common mortgage options to see which loan may be the best fit for your financial goals.
Construction
Finances the cost of building a new home
Funds released in stages
Builder coordination required
Custom home financing
May convert to permanent financing
Traditional
Used to purchase an existing home
One-time funding at closing
Standard closing process
Immediate move-in
Fixed or adjustable financing options
Not sure which financing option is right for your situation?
Our experienced mortgage team will explain your options and help you choose the loan that best supports your homebuilding goals.
Construction Loan Process
We’ll guide you through every step-from your first conversation to the day you receive your keys.
Step 1
Consultation
Talk With Our Team
Meet with our mortgage specialists to discuss your homebuilding plans, financing goals, and available construction loan options.
We’ll Discuss
✓ Your project
✓ Financing options
✓ Builder requirements
30 Minutes
Step 2
Project Review
Plan Your Build
We’ll review your builder, construction plans, estimated costs, and timeline to prepare your financing.
We’ll Review
✓ Builder information
✓ Construction plans
✓ Project budget
Several Days
Step 3
Loan Approval
Secure Your Financing
We’ll finalize your construction loan approval so your project is ready to begin.
Benefits
✓ Financing secured
✓ Budget confirmed
✓ Ready to build
1-3 Weeks
Step 4
Construction Begins
Watch Your Home Take Shape
Funds are released in stages as construction milestones are completed.
We’ll Coordinate
✓ Builder communication
✓ Draw requests
✓ Construction progress
Several Months
Step 5
Final Inspection
Prepare for Completion
Once construction is finished, the home is inspected to ensure everything meets the agreed-upon plans.
We’ll Coordinate
✓ Final inspection
✓ Documentation
✓ Loan completion
1-2 Weeks
Step 6
Move into Your New Home
Welcome Home!
Complete the final steps of your loan process and enjoy the home you’ve built.
Congratulations!
✓ Final paperwork
✓ Receive your keys
✓ Enjoy your new home
1 Hour
What You Can Expect From Us
From your first consultation through closing day, we’ll help make your FHA loan process smooth and stress-free.
✓ Coordination with your builder
✓ Guidance through every phase of construction
Clear communication throughout the process
✓ Personalized financing recommendations
✓ Regular updates
✓ Support from planning to move-in
Ready to Build Your Dream Home?
Whether you’re building your first home or designing your forever home, our experienced mortgage team is here to help you navigate the construction financing process with confidence. From planning and pre-approval to the day you receive your keys, we’ll be with you every step of the way.
FREQUENTLY ASKED QUESTIONS
A construction loan is a short-term loan designed to finance the cost of building a new home. Unlike a traditional mortgage, funds are typically released in stages as construction progresses. Once the home is complete, the loan may convert to permanent financing or be paid off with a traditional mortgage, depending on the loan program.
Construction loans provide funding in scheduled draws as your builder completes different phases of the project. This helps ensure funds are available throughout the building process while keeping the project on track.
Not always. Some construction loan programs allow you to finance both the land purchase and the construction costs together. We’ll help you determine which option best fits your situation.
In many cases, yes. Depending on the loan program, you may be able to finance the purchase of the land along with the construction of your new home.
Most construction loan programs allow you to work with the builder of your choice, provided they meet the lender’s qualifications. We’ll explain the builder requirements and help guide you through the process.
Instead of receiving the full loan amount at closing, funds are released in stages as construction milestones are completed and verified. This process helps ensure your project stays on schedule and within budget.
A construction-to-permanent loan begins as a construction loan and then converts into a traditional mortgage once your home is completed. This can simplify the financing process by reducing the need for multiple loan closings.
The construction phase typically lasts between 6 and 18 months, depending on the size and complexity of the project. Your timeline may vary based on your builder, weather, and other factors.
Credit requirements vary depending on the loan program and lender. We’ll review your financial profile and help determine the construction financing options available to you.
Down payment requirements vary based on the loan program, your financial qualifications, and the type of project. We’ll help you explore the options available and determine what works best for your situation.
After your home is finished and all final inspections are complete, your construction loan may convert to a permanent mortgage or be paid off with a new mortgage, depending on your loan program.
The first step is scheduling a consultation with our mortgage team. We’ll discuss your homebuilding goals, review your financing options, answer your questions, and help you begin the pre-approval process.
BONUS FAQ
Can I make changes during construction?
Changes may be possible, but they can affect your budget, construction timeline, and loan approval. If changes are needed, we’ll work with you and your builder to understand how they may impact your financing and help you navigate the process.