Construction
Whether you're looking to buy land and build, or you already own land and are ready to build, we have lending options and loan experts available to help you get started!
Whether you're looking to buy land and build, or you already own land and are ready to build, we have lending options and loan experts available to help you get started!
Not sure where to start? No matter where you are in your home-building journey, we’re here to help. Schedule a Consultation today so you can explore your home loan options with confidence.
Yes, you can! We offer construction loans for self-build projects, but eligibility depends on your specific situation. Our experts will work with you to review your plans, determine financing options, and guide you through the process.
We offer up to 90% financing on construction loans, helping you get started with less money upfront. Our team can help you explore the best loan structure for your project.
A draw is an advance from your construction loan line of credit used to pay for building expenses. Each draw is requested after work is completed and inspected. An inspection verifies the progress, and once approved, the draw is used to pay the builder or contractors.
Once construction begins, your builder will submit draw requests as they complete phases of the project. Our Specialists will order an inspection to verify the work. If approved, funds are released to cover the construction costs.
Note: Construction loans cover building expenses only. Décor, furniture, and other home furnishings cannot be financed through this loan.
Most home construction projects have a 12-month loan term, but timelines can vary based on your project’s needs.
If you finish early, great! If more time is required, extensions may be available depending on your circumstances.