Get flexible financing to build your home
A construction loan gives you the funds to turn blueprints into reality, with flexible draw schedules and tailored repayment terms.
Who's it for?
Construction loans are ideal for homebuyers looking to build a new home from the ground up or complete major renovations. If you want financing designed for the unique needs of a construction project, this loan provides structured payments to keep your build on track.
Construction Loan benefits
- Funds released in phases to match construction milestones
- Interest-only payments during the build phase
- Flexible loan terms tailored to your project
- Can convert to a permanent mortgage after completion
- Ideal for custom home builds and major renovations
- Covers land purchase and construction costs
Eligibility requirements
To secure a Construction Loan, you’ll need to meet the following requirements:
- Strong credit score (typically 680 or higher)
- Detailed construction plan and budget
- Verified income and stable employment
- Down payment of at least 20% (varies by lender)
- Licensed contractor and approved building plans
Find out if a Construction Loan loan is right for you
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