How It Works
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1. Apply
Start with a loan designed to fund your home-building journey. Our team will help you every step of the way.
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2. Build
Enjoy 12 months to complete construction with regular inspections and easy access to funds.
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3. Transition
Once your home is complete, we’ll help you refinance into a permanent mortgage.
Key Features
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Personalized Support
We see you, the dreamer, the planner, the builder. That’s why we offer tailored solutions to fit your needs.
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Local Expertise
With over 125 years of serving Oklahoma communities, we know what it takes to make your dream home a reality.
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Streamlined Process
From construction loans to permanent financing, we make it simple so you can focus on what matters—building your future.
Frequently Asked Questions When Building a Home
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Yes, but it depends on the lender's policies. Some lenders may require a larger down payment or have stricter requirements for non-primary residences.
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When building a home, you may already own the land to build on or you may need to purchase a land lot. Construction loans have some flexibility, so talk to our mortgage lenders if you’re looking for a land loan as well.
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Yes, most lenders require a down payment of a certain percentage of the total project cost. In most cases, equity from the proposed building site or other real estate owned can be used to decrease the down payment.
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Yes, lenders typically require you to work with an approved licensed builder. They may review the builder’s credentials, experience, and financial stability.
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Funds are released in stages (draws) based on construction progress. A lender will require a progress inspection before releasing the next portion of funds.
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A construction loan is a short-term loan used to fund the building of a home. It typically has higher interest rates and is disbursed in stages. A traditional mortgage is a long-term loan used to buy a completed home.
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Qualifying for a construction loan may require a larger down payment and more paperwork than a typical mortgage. Construction loans may also carry a higher interest rate as it’s a riskier form of financing than a mortgage on a finished home. If you have questions about your eligibility for a construction loan, just reach out to our mortgage lenders and we’ll be happy to help.
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The answer depends on your local real estate market and what you’re looking for in a home. Buyers looking for more space or unique features may find it cheaper to build their dream home then try to find it on the market.
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This varies per lender, though higher scores improve approval chances and loan terms.
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A construction loan provides short-term financing for the costs associated with building a new home. The option to make interest-only payments also makes it more affordable. Once your home is move-in-ready, you can convert your construction loan to a conventional mortgage.