Specialty loans
A home construction loan is used to cover the costs of building a home. Once the funds from the construction loan have been used and the house has been built, these loans are typically converted or refinanced into a standard, long-term mortgage loan.
If you want to build a brand-new house from the ground up but don’t have the funds to do so out of pocket, a construction loan will likely be your best option.
These are short-term loans – funds are typically available for a year or so while construction is completed. After that, the loan will need to be converted into a mortgage loan or paid off by other means.
When shopping for a home, you may come across properties that aren’t quite what you’re looking for but have the potential to be your dream home with some repairs or renovations. With a renovation loan, you can roll the cost of financing or refinancing a home and repairs into one loan – saving you time and money.
Down payment assistance programs can be administered by a local or state housing authority, a nonprofit organization or directly through your lender. They provide a set amount of money to qualified homebuyers. Homebuyers can use the money to cover their down payment or closing costs.
USDA loans help make owning a home more affordable for those living in eligible rural and suburban areas and with household incomes within the USDA limits. Read more about other benefits below.
USDA loans, also known as rural development loans, are an affordable mortgage option for buying a home in a qualifying rural or suburban area.
They’re backed by the U.S. Department of Agriculture, making them more accessible than other loan options.
Specialty loans
Construction loans
Renovation loans
Downpayment assistance
USDA loans
A home construction loan is used to cover the costs of building a home. Once the funds from the construction loan have been used and the house has been built, these loans are typically converted or refinanced into a standard, long-term mortgage loan.
If you want to build a brand-new house from the ground up but don’t have the funds to do so out of pocket, a construction loan will likely be your best option.
These are short-term loans – funds are typically available for a year or so while construction is completed. After that, the loan will need to be converted into a mortgage loan or paid off by other means.
Get Started
Get Started
When shopping for a home, you may come across properties that aren’t quite what you’re looking for but have the potential to be your dream home with some repairs or renovations. With a renovation loan, you can roll the cost of financing or refinancing a home and repairs into one loan – saving you time and money.
Get Started
Get Started
Down payment assistance programs can be administered by a local or state housing authority, a nonprofit organization or directly through your lender. They provide a set amount of money to qualified homebuyers. Homebuyers can use the money to cover their down payment or closing costs.
Get Started
Get Started
USDA loans help make owning a home more affordable for those living in eligible rural and suburban areas and with household incomes within the USDA limits. Read more about other benefits below.
USDA loans, also known as rural development loans, are an affordable mortgage option for buying a home in a qualifying rural or suburban area.
They’re backed by the U.S. Department of Agriculture, making them more accessible than other loan options.
Get Started
Get Started