

Can I get a deposit for certain items?
The construction program is generally paid out based on work completed. However, deposits can be obtained for custom items where its’...


What does it mean to be "out of balance"?
Being out of balance means you don’t have enough funds remaining in the loan based on the costs needed to complete the project. This...


How long can I be in the construction phase?
The construction phase is the period of time your home is under construction. Once your home is complete, the loan moves to the permanent...


How do the draws work?
Our goal in our draw process is to allow your builder to spend as little time as possible with paperwork so you can concentrate on...


Can I switch builders after my loan closes?
It is possible, but the process to switch builders after you close (and before completion) can be quite time consuming. The most common...


Can I rely in my home inspection to protect me?
No. The purpose of the inspection is to confirm whether work that is being requested to be paid out has been completed. It is important...


Can I pay my loan down during construction?
You can, but it is not recommended. Remember, the construction loan is a regular mortgage. When you pay down a regular mortgage, you...


Can I get reimbursed for items I pay for during construction?
Yes. At times it may be necessary to pay for a construction item prior to the funds being drawn from the loan. This may be necessary due...


What is a Mechanic’s Lien?
A Mechanic’s lien is a lien that may be filed against the title to your property by a contractor, subcontractor or material supplier who...


What happens if there are changes to the cost of the project after you close?
One of the most important aspects of a construction project is developing and maintaining a solid budget. The loan is approved and the...