HomePride Bank's Construction Loans
At HomePride Bank, we understand that building your dream home is a significant milestone. Our flexible construction loans are designed to provide you with the financial support and peace of mind you need throughout the building process. With competitive rates and personalized service, we make it easy to turn your vision into reality.
Why Choose HomePride Bank for Your Construction Loan?
- Enjoy competitive interest rates that make financing your construction project affordable.
- Choose from a variety of flexible loan terms to fit your budget and timeline.
- Get personalized service while working with experienced loan officers who understand the complexities of construction financing.
- Benefit from a streamlined and easy application process with fast approvals.
- Make interest-only payments during the construction phase, easing your financial burden.
Our Construction Loan Options
HomePride Bank offers a range of construction loan options to suit your unique needs:
- New Home Construction Loans: Finance the construction of your new home from the ground up.
- Renovation Loans: Fund major renovations or home improvements.
- Permanent Loans: Finance a permanent mortgage upon completion of your build.
Competitive Construction Loan Rates
Contact one of our friendly loan officers for our construction loan rates. Our competitive rates are tailored to your unique credit profile and financial situation, ensuring you get the best possible deal on your construction loan.
How to Apply for Your HomePride Bank Construction Loan
- Meet with one of our loan officers to discuss your project and financial needs.
- Complete our simple online application or visit your nearest HomePride Bank branch.
- Our team will review your application and provide a decision quickly.
- Approval and Funding: Once approved, you'll receive the funds you need to start your construction project.
- Make interest-only payments during construction, with funds disbursed in stages based on project milestones.
- Upon completion, transition to a permanent mortgage if you choose a construction-to-permanent loan.
Visit your nearest HomePride Bank branch or give us a call at 855-447-2265 to get started with you construction project today.
Frequently Asked Questions
What documents do I need to apply for a construction loan?
To apply for a HomePride Bank construction loan, you'll typically need to provide proof of income, identification, detailed construction plans, and a contract with your builder. Our loan officers can provide you with a comprehensive list of required documents.
How do construction-to-permanent loans work?
Construction-to-permanent loans allow you to finance the construction of your home and then convert the loan into a permanent mortgage once construction is complete. This eliminates the need for a second loan application and closing, saving you time and money.
What are the benefits of interest-only payments during construction?
Interest-only payments during the construction phase help reduce your financial burden while your home is being built. You'll only pay interest on the funds that have been disbursed, making it easier to manage your budget.
Don't let financing stand between you and your dream home. Visit HomePride Bank today and discover how our flexible construction loans can make your dream a reality!
HomePride Bank is a Member FDIC. All deposit accounts are insured by the FDIC up to the maximum allowed by law.
HomePride Bank NMLS # 766470.
Equal Housing Lender. HomePride Bank is an Equal Housing Lender. We do not discriminate on the basis of race, color, religion, national origin, sex, marital status, age, disability, or any other basis prohibited by law.
