Construction Loans Washington Oregon Arizona Idaho Montana Nevada

Build Your Dream Home • Custom Construction • One-Time Close Options
Construction loans provide the unique financing needed to build a custom home. These loans typically start as interest-only payments during the construction phase, then convert to a permanent mortgage once construction is complete. We work with qualified builders and provide construction management throughout the building process. Whether you're building a custom home or doing a major renovation, our construction loan programs provide the flexibility and expertise you need.
One-Time
Close Options
Custom
Home Building
Expert
Construction Guidance

Types of Construction Loans

Construction-to-Permanent

One-time close loan that converts from construction financing to permanent mortgage upon completion. This streamlined approach saves time and closing costs.

  • Single closing process
  • Interest-only payments during construction
  • Converts to permanent mortgage
  • Rate lock options available

Construction-Only Loans

Short-term financing for the construction phase only. Requires separate permanent financing upon completion but offers more flexibility.

  • Typically 6-12 month terms
  • Interest-only payments
  • Separate permanent financing needed
  • More lender options for permanent loan

Renovation Loans

Financing for major home renovations and improvements. Includes purchase plus renovation and refinance plus renovation options.

  • FHA 203(k) renovation loans
  • Conventional renovation loans
  • Purchase plus renovation
  • Cash-out refinance for improvements

Lot Loans

Financing to purchase land for future construction. Can often be rolled into construction loan when ready to build.

  • Raw land financing
  • Improved lot financing
  • Conversion to construction loan
  • Various term options

Construction Loan Process

1

Pre-Approval & Planning

Get pre-approved for your construction loan and finalize your building plans, contractor selection, and project timeline.

2

Loan Application

Submit detailed construction plans, contractor information, and cost estimates for underwriting review and approval.

3

Closing & Construction

Close on your construction loan and begin building. Funds are disbursed in stages as construction milestones are completed.

4

Inspections & Draws

Regular inspections ensure construction progress. Loan funds are released in scheduled draws as work is completed.

5

Completion & Conversion

Upon completion and final inspection, construction loan converts to permanent mortgage (if construction-to-permanent loan).

Key Benefits

Interest-only payments during construction

Keep monthly payments manageable during the building phase with interest-only payments.

Converts to permanent financing upon completion

Seamless transition from construction loan to permanent mortgage when building is finished.

Work with qualified, approved builders

Partner with our network of qualified builders for your construction project.

Construction oversight and management

Professional oversight throughout the building process to ensure quality and progress.

Flexible draw schedules

Funds released as construction milestones are completed, ensuring proper project flow.

Available for custom homes and major renovations

Finance new construction or significant renovation projects with specialized loan programs.

Qualification Guidelines

Professional standards designed to ensure successful construction projects

👤 Borrower Qualifications

Strong credit profile and financial stability
Verified income and employment history
Manageable debt-to-income ratio
Adequate cash reserves for construction
Appropriate down payment capability

🏗️ Project Requirements

Detailed construction plans and specifications
Licensed and insured contractor
Realistic construction timeline
Comprehensive cost breakdown
Proper permits and approvals

Ready to Start Your Construction Project?

Contact Ron Thomas to discuss your specific qualifications and project requirements

Get Pre-Qualified Today

Ready to Build Your Dream Home?

Let's discuss your construction project and explore financing options that fit your building timeline and budget.