Construction loan options to bring your dream home to life.
Building a new home or renovating your existing home is a journey and we’re here to support you every step of the way. Our mortgage loan options are designed to simplify the process, ensuring your focus stays on what matters—making your dream a reality. With expertise and care, we’ll help you find the right financing that fits your unique needs, timeline, and budget.
When it comes to building your home, the right location is everything. Our lot loans offer terms to help you secure the perfect lot for your future home.
For those building a new home while selling their current one, our bridge loans help you manage the financial transition smoothly, allowing you to secure your new home without waiting for your old one to sell.
One-time Close Loans
A simplified loan option that combines construction and permanent financing into a single closing. This reduces paperwork, fees, and locks in your interest rate up front, making it ideal for those looking for a streamlined and cost-effective solution.
Two-time Close Loans
This option offers more flexibility with separate closings for the construction and permanent loans. It allows you to adjust the final loan amount and interest rate after construction, making it a great choice for those who want more control over mortgage terms once the home is complete.
The timeline can vary, but the homebuying process typically takes 30-45 days from the time you make an offer to the closing date, depending on factors such as the mortgage pre-approval process and inspections.
To improve your chances, maintain a good credit score, save for a down-payment, pay down existing debts, and avoid taking on new debt before applying for a mortgage.
Pre-qualification is an estimate of what you can borrow based on self-reported information. Pre-approval is a more in-depth evaluation by a lender, which includes verification of your income, credit, and assets, and provides a clearer picture of how much you can borrow.
Yes, having student loan debt doesn’t prevent you from buying a home. Lenders will look at your debt-to-income (DTI) ratio, including your student loan payments, to determine your ability to repay the mortgage. Keeping a low DTI improves your chances of qualifying.
Escrow is a third-party account where funds are held during the home buying process to cover expenses like property taxes and homeowner’s insurance. After closing, a portion of your monthly mortgage payment may go into escrow to pay these expenses on your behalf.
We’re here to guide you through every step of the homebuying process. Whether you’re navigating it for the first time or ready to dive in and get started, our experienced mortgage bankers are here to help you find the best loan to fit your needs.
