Construction and Renovation Lender
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Build Your Dream Home: Construction & Renovation Loans
At First Heritage Mortgage, we understand that building or renovating a home is an opportunity to craft your dream living space. As a leading construction and renovation financing lender, we have nearly 30 years of experience guiding homeowners through every step of their project.
Our comprehensive suite of construction and renovation loans is designed to bring your architectural visions to life, whether you’re breaking ground on a new custom home, completing a full-scale remodel, or just making some stylish upgrades. We offer flexible financing solutions tailored to your unique needs.
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Construction Loans
A construction loan is a temporary line of credit that covers the cost of building a home or completing a major renovation project. With a construction loan, funds are paid by the lender to a contractor — not the borrower — as construction project milestones are reached. After construction is complete, the loan is either converted to permanent financing or paid in full.
Our construction loans can be used to purchase a lot and finance construction or to build on land you already own. You can also use a construction loan to make extensive renovations to your existing home, finance a fixer-upper, or even tear down and rebuild your dream home from the ground up.
At First Heritage Mortgage, we offer two kinds of construction loans:
Our one-time close construction loans enable you to secure both the construction and permanent financing for your home in one easy closing process.
Our two-time close construction loans allow you to finance construction of your dream home with two simple loans: An initial, short-term construction loan followed by a separate, long-term mortgage on the completed project.
Home Loans
Explore your options and buy a home with confidence.
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Construction &
Renovation Loans
Build, remodel, or renovate the home of your dreams.
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Refinance
Put your home's equity to work.
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Specialty Financing
Choose peace of mind with our unique financing options.
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Renovation and Remodeling Loans
Whether the home you’re looking to buy or currently own needs major structural repairs, smaller cosmetic changes, or even a few luxury updates, First Heritage Mortgage can help make the process simple and affordable.
We offer a number of loan options that cover minor changes to major rehabilitation, all included in one mortgage payment.
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FHA 203(k) Renovation Program
The Federal Housing Administration (FHA) offers loans specifically for renovation. FHA 203(k) loans are designed to help borrowers finance home repairs plus the purchase or refinance of a primary residence. These loans allow a variety of home improvements and feature as little as 3.5% down payment plus low closing costs.
At First Heritage Mortgage, we offer the FHA Standard 203(k) program and the FHA Limited 203(k) program.
Learn MoreJumbo Renovation Financing
If you’re planning a major renovation project such as a full addition, or if you already know the value of your home is above the conforming loan limit in your area, we can help.
No matter which path you choose, you’ll work with our specialized team from start to finish. We offer in-house draw processing, on-staff construction specialists, and loan amounts up to $3 million for qualified borrowers. Let our experts guide you through each phase of your project — reach out today!
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Get in touch with our team of construction loan experts to learn more about the loan option that’s best for you.
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Begin your journey towards home ownership today.