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Construction Loans

Funding to build your dream home from the ground up.

Construction loans provide the financing you need to turn your vision of a new home into reality, offering flexibility and support throughout the building process.

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Construction Loan Features

Tailored to meet the unique demands of building a new home.

01
Customized Financing

Loans are structured to match the building phases of your project, ensuring funds are available as needed.

02
Interest-Only Payments

During construction, payments are typically interest-only, helping to manage costs while building.

03
Loan Conversion Options

Once construction is complete, you may convert the loan into a traditional mortgage, simplifying the transition.

04
Flexible Terms

Choose from various loan term options to fit your financial situation and project timeline.

Benefits of a Construction Loan

Tailored Budget Control

Ensure funds are allocated precisely where they’re needed during each phase of construction.

Potential for Increased Equity

Building a new home can lead to immediate equity gains, as the value of the completed home may exceed the total cost of construction.

Enhanced Future Value

Building a custom home that incorporates high-quality materials and modern features can enhance the property's resale value and appeal.

Tax Benefits

In some cases, interest paid on a construction loan may be tax-deductible, similar to a traditional mortgage, offering potential financial advantages.

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At A and N Mortgage, we have extensive experience with construction loans. We’re here to support and guide you through every step of building your dream home.

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loan FAQ

Loan Program

Frequently Asked Questions

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Some loans will allow you to secure just a 5% down payment plus closing costs. Another option is a piggy-back loan where you get approved for the first and second mortgage to avoid PMI. You could also apply for an FHA loan which only requires a 3.5% down payment.

However, your interest rate will likely be higher, and you will be required to buy private mortgage insurance (PMI).

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Some loans will allow you to secure just a 5% down payment plus closing costs. Another option is a piggy-back loan where you get approved for the first and second mortgage to avoid PMI. You could also apply for an FHA loan which only requires a 3.5% down payment.

However, your interest rate will likely be higher, and you will be required to buy private mortgage insurance (PMI).

Lorem ipsum Text?

Some loans will allow you to secure just a 5% down payment plus closing costs. Another option is a piggy-back loan where you get approved for the first and second mortgage to avoid PMI. You could also apply for an FHA loan which only requires a 3.5% down payment.

However, your interest rate will likely be higher, and you will be required to buy private mortgage insurance (PMI).

Lorem ipsum Text?

Some loans will allow you to secure just a 5% down payment plus closing costs. Another option is a piggy-back loan where you get approved for the first and second mortgage to avoid PMI. You could also apply for an FHA loan which only requires a 3.5% down payment.

However, your interest rate will likely be higher, and you will be required to buy private mortgage insurance (PMI).

Lorem ipsum Text?

Some loans will allow you to secure just a 5% down payment plus closing costs. Another option is a piggy-back loan where you get approved for the first and second mortgage to avoid PMI. You could also apply for an FHA loan which only requires a 3.5% down payment.

However, your interest rate will likely be higher, and you will be required to buy private mortgage insurance (PMI).

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Use our calculators to discover your potential path to homeownership..

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Loan Options

Home Equity Line of Credit (HELOC)

Access your home’s equity with a revolving line of credit.

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Investment Property Loan

Financing solutions for purchasing or refinancing rental properties.

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Second Home Loan

Financing options for buying a vacation home or getaway.

Learn More