Building your dream home from the ground up? A Construction Loan is your perfect partner in turning your vision into reality. Designed specifically to finance new home construction, these loans cover both the land and building costs, giving you the flexibility to create a home tailored to your lifestyle.
We offer a One Time Close Construction Loan (OTC) that eliminates the need for two closings, an advantage we have over many community banks and credit unions that only offer a two time close option. During the construction phase, our OTC loan operate on a draw schedule, releasing funds at key milestones throughout the construction process. Once your home is completed, the loan modifies to the permanent loan without having to qualify for a refinance of the construction thus avoiding additional closing costs and without the risk of having outside factors disrupt the permanent financing for your home.
We’re committed to supporting you through each step of the building journey, with expert guidance and options to suit your needs. Let’s work together to construct the home you’ve always dreamed of. Call 575-425-1010 today!