Conventional Construction Loan

This special loan gives you the opportunity and flexibility to construct a new home. During the construction/draw period, only interest payments are due on the drawn balance, then may be closed with a wide variety of Smart Mortgage Centers loan options once the build is complete. Our construction draw mortgages can be used to build primary residences up to $3M, and secondary homes up to $2.5M.

FHA Construction Loan

The FHA One-Time Close (OTC) loan is a product that allows borrowers to combine financing for a lot purchase, construction and permanent mortgage into one first mortgage loan. Ideally suited for borrowers who are purchasing new construction, the FHA OTC loan offers the benefits of low money down financing, competitive interest rates and one closing for all financing.

And we have now simplified the program even further, with a single administration fee which includes the construction interest, as well as such things as:

  • Construction draws
  • Title updates
  • Any necessary loan modifications
  • Construction underwriting
  • Construction closing coordination
Working around Credit Issues with Top Rated Specialists

Our new construction mortgage team is celebrating its 25th year in business.  Our experience allows for consumer mortgage confidence especially with first time home buyers.  We navigate consumers through the mortgage process,  explain options and find what choice works best for you. We specialize in more than just construction loans.  Check out consumer home buyer GRANT options, USDA loans and our FHA Loan options.

Get on the Path to Home Ownership. We got your Back!
Buy a Home with Little Money Down
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    Construction Benefits
    • One time Close
    • Low 30 year Rates
    • Easier credit qualification
    • FHA and Conventional
    • No application fee
    • Use gift funds for down payment

    Find your Construction Mortgage Now (888)842-7272.