Construction Financing
Building a new home or doing major renovations? Construction mortgages work differently. I'll guide you through the draws, inspections, and everything in between.
Construction mortgages are specialized products designed for new builds and major renovations. They work on a draw system — funds are released in stages as construction milestones are reached — which is very different from a standard purchase mortgage.
It's a more complex process requiring more documentation, inspections, and planning. But with the right guidance, building your own home is one of the most rewarding experiences you can have.
I'll help you understand draw schedules, what documentation you'll need, how to qualify, and which lenders work best for owner-built vs. contractor-built projects.
What You Get Working with Me
- Draw-based financing matched to your construction milestones
- Guidance through inspections and documentation requirements
- Owner-built and contractor-built options
- Automatic conversion to a standard mortgage on completion
- Expert navigation of a more complex process
Common Questions
How does a draw mortgage work?
Instead of receiving the full loan upfront, funds are released in stages as construction reaches key milestones: foundation, framing, drywall, completion. An inspector verifies each stage before funds are released.
Can I be my own general contractor?
Yes, though it requires more documentation and some lenders prefer that you have relevant experience. I'll help you find the right lender and prepare your application.
Ready to Get Started?
Let's talk about your situation. I'll find the best options available for you, at no cost.
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