CALL:

Colorado

Construction
Loan

Are You Ready to Build a Home?

Colorado offers countless opportunities for those looking to build their dream home, and exploring construction loans can be an excellent way to bring your vision to life.

CONSTRUCTION LOAN

Construction loans are a catalyst for development, by assisting families in building or renovating homes.

These loans are designed to provide financing specifically for construction projects, promoting unique living and community development.

If you're considering building a home Colorado, exploring construction loan options tailored to your needs could be the key to realizing your homeownership goals.

What is a Construction Loan?

Construction loans typically offer attractive features such as competitive interest rates and the flexibility to customize your home according to your preferences.

How do I qualify?

To qualify for a construction loan, you'll need to meet certain eligibility criteria, including demonstrating steady income and employment, maintaining a good credit score, and managing your debt responsibly.

Unlike traditional mortgages, which are primarily for purchasing existing homes, construction loans provide funding specifically for building a new home or undertaking major renovations.

Before proceeding with your construction project, it's important to thoroughly research and compare various construction loan programs, consult with lenders, and carefully consider your financial goals and circumstances.

Our Relentless Commitment Is To Provide You With

The Best Possible Services

Construction Loans

and How They Work

Construction loans are a specialized type of financing designed to support the process of building a new home or completing major renovations.
If you're considering building your dream home from the ground up, a construction loan could be the ideal option to bring your vision to life.
Construction loans provide funding in phases as the building project progresses, helping you manage costs and stay aligned with the construction timeline.
Unlike traditional mortgages, which provide a lump sum at closing, construction loans release funds in stages — often tied to specific milestones like foundation completion, framing, and finishing.
Many construction loan programs offer adjustable-rate mortgage (ARM) options during the building phase, giving you flexibility in how you manage interest payments throughout the process.
Before moving forward, it’s important to explore different construction loan options, work closely with lenders familiar with the process, and make sure your financing aligns with both your construction goals and your long-term financial plans.

How to Qualify for a

Construction Loan

Citizenship or Permanent Residency: You must be either a United States citizen or a permanent resident.
Debt-to-Income Ratio: Your monthly payment should be within a certain percentage of your monthly income, typically around 29%. Lenders will also assess your overall debt-to-income ratio to ensure financial stability.
Steady Income: Lenders typically require evidence of steady income over the past 24 months. Any recent instances of debt sent to collections within the past year may negatively impact your application.
Credit Score: To increase your chances of approval and secure better terms, it's advisable to raise your credit score to at least 640 before applying for a construction loan.
Construction loans are designed to provide financing specifically for building a new home or undertaking major renovations. They offer flexibility in customizing your home according to your preferences and may include adjustable-rate mortgage (ARM) options to manage interest rates during the construction period.
It's important to thoroughly research and compare various construction loan programs, consult with lenders, and carefully consider your financial goals and circumstances before proceeding with your construction project.

Building Your Dream Home Just Got Easier

Have you ever thought about building your own home from scratch? There's a special kind of loan that can make this dream a lot easier to achieve. It's called a one-time close construction loan. This isn't like other loans. It's made to help you build your new home without all the hassle.

Here's the cool part: this loan wraps up the construction part and the regular home loan part into one easy process. That means you save time and money because you only go through the loan process once, not twice. It pays for building your home, and then it changes into a normal mortgage when your home is all built. Plus, you get to lock in your interest rate at the beginning, so there are no surprises later.

You do need to have a clear plan and budget for your home, but the benefits like saving on costs and not having to deal with lots of paperwork make it a great option for many people looking to build their own home.

If you're dreaming of building your home exactly how you want it, a one-time close construction loan might be just what you need to get started. Why not explore how this loan could help you save time and money on your journey to your dream home?