FINANCING
What is a Construction Loan?
A new construction loan is a specialized financial instrument designed to fund the creation of a custom-built home from the ground up. Tailored to meet the unique needs of homebuilders, this type of loan typically covers the costs associated with land acquisition, construction materials, labor, permits, and other expenses related to building a new residence. Unlike traditional mortgages, new construction loans often feature a phased disbursement of funds to coincide with the various stages of construction. These loans provide borrowers with the financial flexibility and support needed to turn their architectural vision into a tangible, personalized home. Whether you’re an experienced builder or a first-time homeowner, a new construction loan offers a strategic and efficient way to finance the construction of your dream home.
What if I have a home to sell?
Not a problem! Navigating the process of obtaining a construction loan while simultaneously needing to sell your current home requires a strategic and coordinated approach. Our specialized financing solutions cater to individuals managing both transactions, ensuring a seamless transition from selling to new construction. We work closely with you to explore tailored options that align with your unique timeline. This strategic financing allows you to bridge the gap between selling your existing home and closing on the construction loan for your dream home. With our expertise and collaborative relationships with trusted lenders, we strive to make this dual-phase process as smooth and stress-free as possible, allowing you to embark on your new home journey with confidence and financial flexibility.
Jessica Lennon, Sr. Mortgage Advisor
Jessica specializes in turning your dream of a custom-built home into a reality with our tailored new construction loans. Our dedicated team understands the unique financial intricacies of building from the ground up and is committed to providing you with flexible financing options. Whether you're an experienced or a first-time homeowner, our experts work closely with you to secure a loan that aligns with your vision and budget. With competitive rates, transparent terms, and a seamless application process, we empower you to embark on your new construction journey with confidence.
