It has come to our attention that our customer care number is being imitated. You may get a call from a scammer claiming to be from the bank and asking for personal and bank details. Please note: We will NEVER call you to verify personal information. If you receive such a call, do not share your details and report the incident to us immediately. Stay safe and thank you for your vigilance!
CONSTRUCTION LOANS
Let’s build your dream home.
Skip the legwork and build an affordable home instead. Work with a local bank that offers competitively low rates and a quick, simple draw schedule for every stage of the build.
COMPETITIVE RATES
On new home mortgage loans
CONSTRUCTION DRAWS
Applied in stages based on work completed
APPLY ONCE
and pay interest* only on the funds you draw
FLEXIBLE TERMS
For primary residence or second home construction
LOCAL DECISIONS
And processing from start to finish
EASY CONVERSION
From construction to mortgage loan
Why build vs. buy?
- Runs for one year from construction start to certificate of occupancy
- Lender releases funds in stages timed with major milestones like framing or siding
- Borrower makes only interest payments during construction on funds drawn to date
- Loan converts/refinances to a traditional mortgage once the build ends
The F&M blog
