Construction & Lot Loans

Building from the ground up

Construction loans fund the building of a new home. Many borrowers prefer a one-time-close (construction-to-permanent) loan that starts as a construction facility and converts to a permanent mortgage without a second closing, subject to lender guidelines.

• One-time-close construction-to-permanent
• Two-close construction then permanent refinance
• Lot / land loans (terms and down payments vary widely; raw land is harder to finance)

Related: Renovation loans · Jumbo · Hard money / bridge

Program availability, guidelines, and eligibility are subject to lender guidelines and eligibility, credit approval, income or asset verification, and property eligibility. This is not a commitment to lend and does not guarantee loan approval. See Disclosures.