Building a home is a major milestone. Our construction loans are built to guide you through each step, from breaking ground to move-in day.
A construction loan helps cover the cost of building or renovating a home. It pays for materials, labor, and other building expenses while the home is being completed. Once construction is finished, the loan can either convert into a regular mortgage or be refinanced into one.
There are different options depending on your needs. Some loans combine the construction and long-term mortgage into one, while others are short-term and require a refinance after the build. There are also loans designed for renovations or for borrowers acting as their own builder.
Construction loans give you a way to finance your project while it’s being built and provide flexibility as you move from construction to permanent financing. If you have questions, we’re here to help you understand your options.
