Home Construction

A construction loan is used during the building phase and is repaid once the construction is completed.

Step 1: Pre-qualify for Financing

Determine how much house you can afford to build and what the payments will be. Through a meeting, we can discuss the equity you have in your current home, determine how much house you can afford to build, and what your new monthly mortgage payment would be.

Step 2: Purchasing your Lot

Finding the perfect lot is just the beginning. Through personal savings, equity in your current home, or a specific lot loan, we will work with you to get that special location purchased.

Step 3: Construction Loan

Construction loans work a little different than your typical mortgage. Before you have any collateral, you are pre-approved for a loan amount. As building expenses arise, you can take small amounts of this loan out to pay for the progress.

Step 4: Final Financing

Once your house is complete, we roll the construction loan over to a normal fixed rate loan. This is where we’ll finalize all the details, lock in your rate, and sign the final papers. We make the entire process painless, and now it’s time to move in!