Workers construction the frame of a new home.

Construction Loans

Let us help you build your dream home. We have a positive, proven reputation with local contractors and our dedicated construction loan specialist will monitor progress and help with each step.


  • Interest only loans.
  • Easy process for disbursing funds.
  • Prompt credit decision upon submission of completed application and required documentation.  

What is a construction loan?
  • A short-term loan, generally 9-12 months, that pays for the building of a house.
  • The lender pays loan funds in stages as the building progresses.
  • The borrower is only required to make interest payments during construction.
  • Once the construction is complete, the construction loan will be termed out into one of our great conventional financing products.

What are the qualifications for new home construction financing?
Here are a few requirements to qualify for new home construction financing:
  • Good to excellent credit
  • Stable Income
  • Low debt-to-income ratio
  • A 20 percent down payment
  • Building lot details
  • Construction timeline
  • Detailed plans
  • Building budget
  • Building contract 
Specialty homes like log cabins, pole barn homes, and manufactured homes have additional qualifications and may require different financing options.


Construction loans may have additional requirements for qualification and approval because banks take additional risk on construction loans. If a borrower is not able to make the payments, the bank is limited on how they can recover the lost funds.

Here are of the few requirements for qualifying for new home construction financing.

  • Good to excellent credit
  • Stable Income
  • Low debt-to-income ratio
  • A 20 percent down payment
  • Building lot details
  • Construction timeline
  • Detailed plans
  • Realistic budget
  • Contract with the contractors or general contractor working on the project

Some specialty homes like log cabins, pole barn homes, and manufactured homes have additional qualifications and may require different financing options.