New Construction Home Loans
Are you building a new home? A new construction home loan might be the best loan option.
We can lend up to 95% of the value of your completed home. While your house is being built, disbursements are made to your builder to cover the cost of construction. Interest is paid on the balance. Once the house is completed, the loan is then converted to a mortgage, and paid in monthly payments either at a fixed-rate or adjustable rate.