Construction Loans

• Good credit
• Stable income
• A detailed construction plan
• A licensed builder or contractor
• A realistic budget and timeline
• Down payment (varies by loan type)

We’ll walk you through every step and help you understand exactly what’s needed.

1. Apply & Get Pre‑Approved
   We review your financials and determine your loan eligibility
2. Submit Your Construction Plan
   Includes blueprints, builder contract, budget, and timeline.
3. Loan Approval & Closing
   Once approved, your loan closes and construction can begin.
4. Draws During Construction
   Funds are released in stages as work is completed.
5. Final Inspection
   Ensures the home is finished according to plan.
6. Convert to Permanent Mortgage
   (For construction‑to‑permanent loans) Your loan automatically transitions into a long‑term mortgage.

• How much down payment is required?
  Down payments vary by loan type, but many construction loans require 10–20%. Some programs may allow lower amounts depending on credit and project details.
• Can I use my own builder?
  Yes — as long as your builder is licensed, insured, and approved by the lender.
• Can I build on land I already own?
  Absolutely. Your land equity may even count toward your down payment.
• How long does the construction loan process take?
  Most loans close within 30–45 days, depending on documentation and builder readiness.
• Can I finance upgrades or custom features?
  Yes. As long as they’re included in the approved construction plan and budget.