We have a number of different home construction loan products available for individuals (for Builder Loans click here). Below please find some loan feature highlights. Please call or apply today to better understand which type of product would best fit your situation and objectives.
Lot Loans – 20% Down & Long Notes
We offer 20% down 3/1 ARM and 5/1 ARM Lot Loans. Most other banks require a larger down payment and/or a much shorter note term (12 months is common). We allow you to buy your lot without worrying about building right away!
Home Construction Loans – 15% Down
Are you trying to build your dream home but don’t have enough cash? Or do you simply not want to tie up a lot of cash? Maybe you don’t want to rent while you build? We can help! We offer highly competitive down payments on home construction loans:
- 15% up to $417,000 (85% financing)
- 20% above $417,000 (80% financing) with no upper loan limit
One-Time Close
Our One-Time Close programs allow buyers to purchase lot and/or home construction loans that convert to a regular mortgage in one transaction, saving time and eliminating a second round of title fees. During construction you will pay interest only as the money is drawn, and once complete your payments will convert to principal and interest. We have fixed rate terms available up to 15 years, with ARM terms up to 26 years.
Green Lending
Most lenders do not recognize the value of high performance buildings, and thus will not lend enough money to build them. We do. We have a very special program available to enable you to build an energy efficient home. Learn more here.
A Fast, Smooth Process
It’s well known in the industry that most construction loans take a long time with many hiccups due to a very rigorous underwriting process. Not with us: if you have your paperwork and plans together, your loan should take no longer to close than a typical purchase mortgage. We specialize in underwriting construction loans.
Your Dream Home is Waiting
Our home construction loans can help you with not only your primary residence, but also the second home of your dreams. Whether you envision a Craftsman, Mediterranean Villa, or Bungalow we can help make it possible. The perfect home is waiting for you!
Equal Housing Lender
No statement on this website is a commitment to make a loan. Loans are subject to borrower qualifications, including income, property evaluation, sufficient equity in the house to meet LTV requirements, and final credit approval. Approvals are subject to underwriting guidelines, interest rates, and program guidelines, and are subject to change without notice based on applicant’s eligibility and market conditions. Terms of the loan may be subject to payment of points and fees by the applicant. NMLS# 3116