Residential Construction Loan

Your vison brought to life

Why live in someone else’s dream when you can build your own?

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How a Residential Construction Loan works

  • Loan-to-value up to 90% and $2 million
  • Primary Residences, 1-4 unit properties, and 1-unit second homes are eligible 
  • Manufactured Homes on a permanent foundation, assessed as real property, are eligible
  • Purchase a lot as part of the construction-only loan 
  • Already own a lot? You can use the equity you have in it as part of the minimum down payment requirement. Must own the lot for a minimum of 12 months
  • Fixed rate with interest only payments based on monthly construction draw balance during the construction term
Contact us See loan rates

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How it works

1

Get prequalified

Work with a Global Mortgage Loan Originator to find out how much you can afford.

Get Started

2

Choose a lot to build on

Your vision starts here. A reliable realtor is very helpful at this point.

3

Choose a contractor 

A trusted builder will help with plans and cost estimates to get the loan closed.

4

Build your dream home

We work with you and your builder to ensure the building goes as planned.