Construction loans
While most homes are dream homes, some dreams are more unique than others. Our single close construction loans allow you to finance the construction costs with a loan that converts to permanent financing. You save money by financing both with only one set of closing costs and fees.
Conforming Construction Loan | Key Features
For loan amounts up to $647,200
Down payments as low as 10%
No post construction requalification with down payments of 30% or more
9 or 12 month construction periods available
Interest only payments during the construction period
15 year and 30 year fixed rate options once completed
Simple, flexible draw process
Can be used for renovations on existing homes
Jumbo Construction Loan | Key Features
For loan amounts from $647,201 to $3,000,000
Down payments as low as 15%
12, 18 or 24 month construction periods available
Interest only payments during the construction period
30 year fixed rate once completed
Simple, flexible draw process
Can be used for tear downs and major renovations of existing homes
Can be used for second homes
