CONSTRUCTION loans

If you have specific tastes or just can’t find what you’re looking for, building your dream home may be for you! We work with multiple lenders that offer one-time close construction-to-permanent loans so you can build the home you’ve always wanted.

highlights

  • Lot purchase, construction costs, and permanent financing done in one process.

  • 9-12 months to complete your project.

  • Interim payments during the construction phase are interest-only.

  • Once your home is complete your loan converts to a traditional 30-year fixed rate mortgage.

BENEFITS TO BUYERS

  • Save time & money with one closing, instead of purchasing the lot and financing construction separately.

  • Get the home of your dreams in the location you want, rather than picking a plan in a row of crowded lots.

  • Minimum down payment of just 5% for conventional loans with no need for a full second approval.

  • Rate float-down option: once your loan is complete, you can float down to secure a lower interest rate if the market changes. or stay locked in no matter how the market moves.

BENEFITS TO BUILDERS

  • Gives builders more freedom to build unique dream homes for clients, rather than just development spec homes.

  • Once the loan closes, cash is ready to be used for labor and materials so builders can get started and keep the work going.

  • No need to pay for the build up front and then find a buyer, or float the expense of multiple projects themselves.