Construction
Construction loans. From the lot to the finished build
Financing to build from the ground up. We shop your project with lenders who specialize in construction.
What a construction loan is
A construction loan funds the build in stages, called draws, as the work is completed.
Some programs roll into permanent financing when the home is finished, so you close once.
Who it fits
- Owners building a primary home
- Investors and builders on spec projects
- Owners adding a home on land they own
- Buyers building an accessory dwelling unit
The steps
How it works with us
- Tell us about the projectThe lot, plans, budget and builder.
- One soft pullWe check your credit once, without affecting your score, and shop the file with 130+ lenders.
- Line up the drawsWe match the lender's draw schedule to your builder's timeline.
- CloseWe keep the appraisal, lender and title moving, and get you to closing.
Get ready
What to have on hand
You don't need all of it to start. The application tells you what's missing.
- Photo ID for everyone on the loan
- Plans and specifications
- Builder contract and budget
- Lot purchase contract or deed
- Income and asset documents
Questions
Good to know
How are funds paid out?
In draws as the work is completed and inspected.
Can construction roll into a regular mortgage?
Some programs convert to permanent financing at completion.
Can I use land I already own?
Yes. Equity in the lot can often count toward the project.
Do I need a licensed builder?
Most lenders require one. We'll confirm for your project.