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Construction Loans

Contact a Mortgage Specialist

Construction Loans are a great way to do it all. One loan with one closing that provides for the financing to purchase your land, build your home, and finally, when completed, we will roll it into a permanent mortgage.

An experienced mortgage specialist will walk you through the steps, answer all of your questions, and simplify the application process. Most importantly, they will help you decided which options make the most sense for you.


  • Interest only on the funds advanced during construction period of up to 12 months
  • Up to 80% financing based on a completed value
  • Appraisal fee: $400.00 single family, $575.00 2-4 family
  • Credit Report fee: $62.85 Joint, $31.55 Individual
  • Maximum loan amount: $1,000,000.00
  • 60 Day Rate Lock – other Rate Lock options available

Required Documents:

  • Complete Mortgage Application Package
  • Plans and Specs
  • Signed Construction Contract with a Licensed General Contractor
  • Copy of General Contractor’s License
  • Copy of General Contractor’s Liability Insurance Policy
  • Septic System Plans, if applicable
  • Building Permit
  • Signed Purchase and Sale Agreement or Deed