Construction LoansCall to Apply
Finance the construction of a new home or cover repairs to an existing property.
- Use a construction loan for a lot you own or one you are purchasing through a builder or third party. Or, make improvements to an existing home.
- 12-month interest-only, fixed-rate loan with principal payment due at maturity.
- As low as 10% down payment needed.
- Available for first or second homes.
- Financing available to convert your construction loan into a mortgage upon construction completion.
- If you need to purchase land on which to build your home, consider a Lot Loan.
Construction loans are ideal if:
- You want to build your dream home.
- You want flexibility to accommodate for your construction timeline and building costs.
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