Construction / Renovation Loans
Construction lending requires true expertise to go smoothly, and our expertise in it goes back decades. If you’re building a new house, buying a fixer-upper, renovating the one you live in, or updating a second home, we have a loan that meets your needs. Some highlights and loans we offer include:
- Fixed-rate renovation loans up to 97% of completed value in some cases, with up to 75% of completed value eligible to be escrowed for renovations.
- Single-close construction/renovation loans, interest-only for 12 months, up to 90% of the final value, with loan modification to fixed financing upon completion.
- Jumbo construction loans up to 85% of the final appraised value, with a fixed-rate loan upon completion of construction.
- Investment property fixed-rate renovation loans for investors with experience owning rental properties.
- Construction/renovation loans for second homes.