So you're thinking about building a home...

First things first, you're probably going to need a construction loan of some type. Since there are a couple different variations of construction loans, we'll go through the basics here and then you can explore the links on the left to learn about the other options available to you. Building a home is no easy task, so if you have more questions about the financing, give us a call!

We also want you to know that we're available to you as building consultants. So if you're thinking about building a home, and want to be sure that you're getting a good quality, energy efficient home, we're here for you. We understand the importance of your dream home, and we want it to be the best home you can get. We do all this as a service to our clients getting construction loans with us.

The Construction Loan

It used to be the status quo that mortgage companies or banks would have you go through the process of financing your construction first and when the home was completed, would then require you to obtain an an end mortgage. While we can do this type of loan for our clients if we need to, this usually means that you'll have to pay two sets of closing costs. One for your construction loan and one for your end loan.

Since the advent of the Single Close construction loan, this type of financing has become more ideal for builders who finance their own projects upfront and sell the home when it has been completed.

Do construction loans work with
the Energy Efficient Mortgage?

Yes they do! Construction loans can be combined with the Energy Efficient Mortgage. The Energy Efficient Mortgage can help lower the operating costs of the home by as much as 30% to 50%. Please refer to the menu on the left for the construction EEM guidelines to learn more.