Loan Programs
Construction Loans
Financing for new construction and major renovations. Build-to-permanent, one-time-close, and renovation loan programs structured around your project timeline.
Program Features
One-time-close construction-to-permanent financing
Build your primary residence, second home, or investment property
Renovation programs (FHA 203(k), HomeStyle, jumbo renovation)
Owner-builder programs available on select products
Interest-only payments during the construction draw period
Funds disbursed in stages tied to construction milestones
Loan converts to permanent financing at completion
Fixed and adjustable permanent-rate options
Frequently Asked Questions
What is a one-time-close construction loan?
A one-time-close (also called construction-to-permanent) loan combines the construction financing and the permanent mortgage into a single closing. You save on closing costs, lock in your permanent rate upfront, and avoid the risk of re-qualifying once construction is complete.
Can I use a construction loan to renovate, not just build new?
Yes. Renovation-specific programs like FHA 203(k), Fannie Mae HomeStyle, and jumbo renovation loans let you finance the purchase (or refinance) plus the cost of renovations in a single loan, with funds released as work is completed.
How are funds released to the builder?
Funds are released in stages — typically called "draws" — tied to inspections at construction milestones (foundation, framing, mechanicals, drywall, completion). The lender's draw administrator verifies each stage before releasing the next payment to the builder.
Do I need to make payments during construction?
Most construction programs require interest-only payments on the funds drawn so far during the construction period. Principal payments begin once the loan converts to permanent financing at project completion.
Ready to Get Started?
Take the first step. Get a personalized quote or connect with a local loan officer today.