Why Choose Our Construction Loans?
Flexible financing options for new builds, renovations, and major home improvements
One-Time Close
Lock in your rate at closing. No need to refinance when construction is complete.
Competitive Rates
Access to 260+ lenders means we find you the best construction loan rates available.
Expert Guidance
Jeffrey duPont guides you through every step of the construction loan process.
Construction Loan Options
Construction-to-Permanent Loan
The most popular option. One loan, one closing, one set of fees. Converts automatically to a permanent mortgage when construction is complete.
- Lock in your rate at closing
- Interest-only payments during construction
- Save on closing costs
Renovation Construction Loan
Finance major renovations, additions, or remodels. Perfect for updating an existing home or investment property.
- Finance up to 95% of after-improved value
- FHA 203(k) and conventional options
- Ideal for fixer-uppers
💡 Construction Loan Requirements
- • Detailed construction plans and timeline
- • Licensed and insured contractor
- • Itemized cost breakdown
- • Credit score typically 680+
- • Down payment 10-20% of total cost
- • Proof of income and assets
- • Builder's risk insurance
- • Appraisal of completed value
The Construction Loan Process
Pre-Approval
Get pre-approved to know your budget before finalizing plans
Submit Plans
Provide detailed construction plans, contractor info, and cost estimates
Appraisal
Lender orders appraisal based on completed value of the home
Closing
Close on your construction loan and lock in your rate
Construction
Funds are disbursed in draws as construction milestones are completed
Conversion
Loan automatically converts to permanent mortgage when construction is done