Who this may fit
- Custom primary and second homes
- Eligible owner-builder or licensed-builder projects
- New homes on owned or purchased land
- Unique residential construction
From plans to front door
Construction Mortgages
Construction-to-permanent financing designed to help move an eligible custom-home project from land and plans through completion.
A strategy built around you
More options. Clear guidance.
Building a home involves more moving parts than purchasing an existing property. We help coordinate the financing strategy around the land, plans, builder, budget, appraisal, draw process, and permanent mortgage.
Options we can explore
- Construction-to-permanent loans
- One-time and eligible two-time close structures
- Land payoff or acquisition in the transaction
- Fixed and adjustable permanent financing options
What to consider
- Builder, plans, specifications, and budget require approval
- Funds are released through construction draws
- Contingency reserves may be required
- Appraisal is generally based on the completed home
Common questions
Helpful answers before you begin.
What is construction-to-permanent financing?
It provides money for eligible construction and then becomes, or is replaced by, the long-term mortgage after the home is complete. The exact closing structure depends on the program.
Can I use land I already own?
Often, yes. Eligible land equity may be considered in the transaction, depending on value, liens, project costs, and program rules.
How are construction funds paid?
Funds are normally released in stages called draws after completed work is inspected. The draw schedule follows the approved plans and budget.
Ready to build your mortgage strategy?