Lot & Construction Loans
Building a home is an exciting and rewarding experience. We can help you make it happen.
Let's make your dream home happen.
Construction Loan
Here are the details of our construction loan program:
- Your initial construction loan allows for draws to pay building expenses throughout the construction process
- Construction loans have flexible terms and a competitive rate
- Your plans and bids must be provided to the bank. The bank will use these to hire an appraiser to perform an “as completed” value estimate
- Borrowers may secure a construction loan for up to 95-100% of the project cost
- Land/lot expenses can be rolled into your construction loan
- You’ll work with the same BankWest loan expert from the construction phase of your project through converting your loan to permanent financing
Lot Loan
Not quite ready to build? We can help you get the lot you want now, and the construction loan when you’re ready.
Program Details:
- Requires a 25% down payment
- Lot loan balance can be rolled into the construction loan when you’re ready to build
Home Loan Checklist
The home loan process moves more quickly when you're prepared.
Helping you cultivate financial success
Looking for a step-by-step guide to securing a mortgage? Check out our six easy steps and get started today.
Before buying a new home, it’s essential to assess your finances and start saving early. Follow a consistent budget and explore these tips to help you get financially ready for homeownership.
Disclosure All loans are subject to credit approval.
Pages Within: Mortgages