Construction Loans
BankersHomeLoans.com has the expertise to guide you from purchase of the land to completion of your new home, with a down payment as low as 10%.

Your construction loan automatically converts to a mortgage when construction is complete...so there's only one closing!

We have programs to fit every need. You can pay interest-only...or nothing at all...while you build, keeping your costs low. Every program can disburse funds with the flexibility you need while you're building. We offer the best rates in the business, and your rate stays locked in while you build, eliminating risk.

How does it work?
You apply for the loan (and include plans and specs) so that the we can appraise the future value of your project. If you finance 70% or less, there's no income verification and your rate is locked in when you apply. We'll complete your paperwork and guide you through to closing.

As soon as you have a building permit or an approved subdivision map, you can close. If you're purchasing land only, you're already done! If you're building, construction begins!

As your house goes up, you make payments only on funding you've received to date (depending upon program). When you complete a phase of construction, call for an inspection. Once inspection is completed, the bank wires your funds within 72 hours.

You finish your house and receive your Certificate of Occupancy. Your construction loan now automatically becomes a permanent and fully-amortizing mortgage.

You're ready to begin enjoying your new home!

Detailed Guide to Construction and Land Loans