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Have Your Eye on a New Construction or Custom Home?

Work with our team of construction lending experts to build the home of your dreams.

Construction Loan Programs


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.

Financing that Works for You


Talk to us about what you envision for your new home, and we’ll help make it happen. Our construction loans can be used to purchase a lot and finance construction, or 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.

One-Time Close Construction Loans

Secure both the construction and permanent financing for your home in one easy closing process.

  • Lock in your permanent loan rate at origination – No interest rate risk during the construction process
  • Make interest-only payments during the construction phase
  • Avoid paying upfront origination fees
  • Determine loan amount based on the after-completed appraised value of the home
  • Available on owner-occupied, second, or vacation properties

Additional Features & Benefits:

  • Save time and money: A one-time close means just one qualifying process and one set of closing costs for both loans
  • In-house draw servicing means you’ll work with the same group of experts from application to closing
  • Flexible loan terms with a variety of options available for the permanent loan
  • Get the funds you need with loan amounts up to $3 Million for qualified borrowers

Two-Time Close Construction Loans 


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.

  • Enjoy greater flexibility to modify plans or increase loan amounts during the project
  • Rates are generally lower on the long-term mortgage
  • Extended Rate Lock options offer added protection against market changes
  • Make stable, interest-only payments during the construction phase
  • Available on owner-occupied, second, or vacation properties

Additional Features & Benefits:

  • Opportunity to switch to a lower rate once construction is complete
  • In-house draw servicing means you’ll work with the same group of experts from application to closing
  • Flexible loan terms with a variety of options available for the second loan
  • Get the funds you need with loan amounts up to $3 Million for qualified borrowers

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How Much Does It Cost to Build a House?

From the availability of houses on the market, to competition from other buyers, to wanting custom features – there are many reasons you may be looking into building your own home. But just how feasible is it for you to…
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Start Planning Your Project Today

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3201 Jermantown Road, Suite 800

Fairfax, VA 22030

Phone: 703.352.0721

Toll-Free: 866.833.LOAN

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