Construction
Financing for building your dream home
Key Features
Build your dream your way
with construction loans.
Ease your budget,
focus on building.
One loan, two phases.
Build and settle with ease.
Requirements
680
Credit Score
Your credit score might be the most important mortgage requirement.¹ With conventional loans, your score needs to be at least 680. If you don't meet that, we have other options.
20%
Down Payment
The minimum down payment is based on several factors, including loan type, credit score, and debt-to-income (DTI) ratio.
43%
Debt-to-Income Ratio
Your total monthly debt, including the new mortgage, should not exceed 43% of your gross monthly income. Exceptions can be made for borrowers with strong compensating factors.
For a complete list of requirements, please contact one of our loan experts. Loan requirements are subject to change. All information contained herein is for informational purposes only and while every effort has been made to unsure accuracy, no guarantee is expressed or implied. This is not an offer to extend credit or a commitment to lend.
¹Lower credit scores may require a higher down payment.