Construction Loan
If you want to build a custom home, a construction loan provides the financing you need during the building process. We offer construction-to-permanent loans that convert to a traditional mortgage once construction is complete.
How It Works
Funds are disbursed in draws as construction progresses. You typically make interest-only payments during the construction phase. Once the home is completed, the loan converts to a permanent mortgage with your locked-in rate and terms.
Requirements
Approved builder or general contractor · Detailed construction plans and budget · Building permits and approvals · Down payment: Typically 10-20% of total project cost · Good credit score: 680+.