We have years of experience closing custom construction loans, a niche most brokers rarely touch, which is exactly why it's worth working with someone who has. Built for clients building their dream home and local builders.
Your builder gets underwritten too, including licensing, experience, financials, and references. Lenders want to know the person running the job will actually finish it, which protects everyone involved.
Funds release in stages as construction milestones are completed, not all at once at closing. There's often an inspection and photos to document progress before the draw is funded.
Most programs today convert automatically from the construction loan to a permanent mortgage once the certificate of occupancy is issued. One closing instead of two, and one set of closing costs instead of two.
We use cookies to analyze website traffic and optimize your website experience. By accepting our use of cookies, your data will be aggregated with all other user data.