Our Construction Lending Department provides funding for lot/property acquisition, demolition (if needed), transaction costs (if equity permits) all the way through construction completion. When your new or renovated home is nearing construction completion, we will work with you to obtain a permanent loan that best suits your needs.
Our construction lending professionals will inspect completed work at set intervals and release funds to the builder as progress is made. This is done by utilizing an interest-only line of credit during the construction process, providing you the option to select your permanent loan now or later. Your payment during construction will be based on the outstanding loan balance. Our programs allow for up to 12 months of build time with possible extensions depending upon the loan type you choose.
With our extensive knowledge of the construction loan market, we offer a wide range of products, competitive pricing, and streamlined loan processing. Whether you are interested in new construction, renovations or a complete tear-down, we welcome the opportunity to discuss your project in detail and invite you to contact us today.