Construction Loans
Build new. Full funding.
Construction Loans provide funding to build a new home from the ground up, covering costs throughout the construction process with flexible terms.


Construction Loans
features
Construction Loans
Benefits
Ensure funds are allocated precisely where they’re needed during each phase of construction.
Building a new home can lead to immediate equity gains, as the value of the completed home may exceed the total cost of construction.
Building a custom home that incorporates high-quality materials and modern features can enhance the property's resale value and appeal.
In some cases, interest paid on a construction loan may be tax-deductible, similar to a traditional mortgage, offering potential financial advantages.
FAQs
A construction loan process can take 45 to 60 days or more. During this time, your lender reviews your financials, construction plans, and permits before approving the loan. The timeline may also depend on your builder’s readiness.
For a construction loan, lenders typically require financial documents as well as building plans, a signed contract with the builder, and a detailed budget. Proof of permits may also be required.
Yes. Construction loans require an appraisal, and the appraiser reviews the building plans and estimates the future value of the completed home. This helps confirm the project is worth the financing amount.
To qualify for a construction loan, borrowers typically need strong credit, steady income, and detailed building plans. Lenders may also require a higher down payment than with traditional mortgages.
A construction loan is a short-term loan used to finance the building of a new home. The funds are released in stages, called draws, as the project progresses. Once construction is complete, it usually converts into a standard mortgage.
ready for a
Loan Title Here?
Company Name can help. (Your tagline or other statement here)
Apply Now

Mortgage Calculator
Enter the total loan amount you want to borrow.