Construction Loans

Construction loans represent a type of construction financing for materials, labor and land. Construction loans are designed to help borrowers who wish to build a new home or who will be remodeling or putting an addition onto their home. Typically, a borrower only needs a construction loan if they choose a smaller, independent builder for the construction or if the land is titled in the borrower's name. Larger companies usually finance the construction themselves. Some innovative construction loans have the following benefits: Borrowers can choose a builder that does not have financing available; monthly payments are kept low with an attractive rate and interest only payments; interest is only charged on the funds as they are paid out to your contractor. Compare construction loan options and start financing your construction project today.