We are here to help you finance the construction of your dream home. Let’s get you connected to the mortgage lender that’s right for you.

 
 

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About Construction Loans

What is a Construction Loan?

  • A home loan that provides new home owners with the funding necessary for both the construction of a home and the long term financing.

  • Typically refers to the One Time Close Construction Loan Program, which wraps the construction financing and permanent loan all into one.

Who Qualifies?

Qualifications vary per lender and home buyer, but on average, the home buyer must…

  • Have a credit score of at least 660

  • A down payment of 10-20% of the home price

  • Have a construction plan and a builder selected

What are the Benefits of the Construction Loan Program?

  • Home buyers save on closing costs with only one closing

  • Some programs allow you to lock your interest rate upfront

  • Fixed and adjustable rate options