Construction loans
Finance the build, then roll into a mortgage.
A construction loan finances building a new home or a major project, paying out in stages as the work gets done, then converting to a permanent mortgage once the home is finished. It has more moving parts than a standard purchase, so it pays to work with someone who'll keep the timeline and the draws organized.
- 01Buyers building a new home rather than buying existing
- 02Owners undertaking a major rebuild or addition
- 03Anyone coordinating a builder and a lender at once
Funds in stages
The loan releases money in draws as construction hits milestones, rather than all at once.
Converts to a mortgage
When the build is done, it rolls into a permanent loan, so you're not refinancing from scratch.
Coordination matters
Builder, timeline, and draws all have to line up. I keep the financing side moving so the project doesn't stall.
Construction loans, answered.
- How is a construction loan different from a regular mortgage?
- It pays out in stages during the build and then converts to a permanent mortgage when the home is done. There's more coordination, which is exactly what I manage for you.
- Can it cover both the land and the build?
- Often, yes, depending on the structure. We'll map the full cost, land, build, and conversion, before you commit.
That's what the first call is for.
Tell me your situation and I'll tell you which programs actually fit. Ten to fifteen minutes, no paperwork.
This page is general information about loan programs, not a commitment to lend or an offer of credit. Program availability, terms, and qualification depend on your situation and are subject to underwriting approval. Tareq Maayta, NMLS #1443073. Loans through Finance USA Corporation, NMLS #135625. Equal Housing Opportunity.