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Construction Financing Loan

Construction financing loan products are my specialty. Construction financing loan programs allow you to purchase the lot, fund the construction of your single family home using a construction financing loan product combined with your permanent loan and close once, saving substantial money in closing costs. Please email with questions on your construction financing loan

I am a mortgage broker specialized in construction financing loan products and represent 22 of the largest construction lenders. As a construction financing loan broker, I work for my client and not the lender, placing your construction financing loan with the lender whose construction financing loan programs match your needs. I give you unbiased advice and support throughout the construction financing loan process. I have given you some basic information on the construction financing loan here but please call to discuss your construction project. At the fundamental level, construction lenders offer two types of construction financing loan products characterized by how they base interest rates during the construction phase. I refer to these approaches as “One Step” and “Two Step”

  This page is focused on new construction financing loan products, if you are interested in renovating an existing home please go to my renovation loan page.

If you have owned your lot for 1 year, or if you have documented "on site" improvements to the property, we may be able to use this equity to meet your down payment requirement or create an interest reserve account. These funds may make some or all of your payments during the construction phase.

Several products include:

I have written a  newsletter covering them, and a construction FAQ is available.

I have included detailed Frequently Asked Questions and common misconceptions about the process of building your home with a construction financing loan.

I have a list of documentation needed to process them.

There is a new page detailing construction financing loan fees.

I have detailed information on extended interest rate locks with a float down option. 

I have a page on calculating mortgage qualification ratios.

I have also included  information on the specialized areas of log home, modular home, or timber frame products

If you are not ready to build but have found the perfect lot. The new Purchase Plus Lot Loan can save you a great deal of money.

New! One of my favorite lenders has finally reopened their lending department. They offer you the ability to modify into the incredibly flexible Cash Flow Loan when your construction is complete.

As a Certified Mortgage Planning Specialist, I offer an analysis of your situation today can make suggestions on how small changes in how your debt is structured today can have a life changing effect in the years to come.  Read more about this free, no obligation service.

New! View my Wealthbuilder presentation and learn the safe way to manage your debt and fund your retirement.

I hope the information on this page was useful to you. Please scroll down to view my Mortgage Market Guide. It is a weekly publication explaining the financial markets from a consumer's perspective that is available on this website or by email subscription. I have nearly 8,000 subscribers today and would be happy to have you as well.

Construction Financing Loan   Prequalify for your Construction Financing Loan. 


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©1998-2009 Bob Gammache, CMPS
Certified Mortgage Planning Specialist

Phone (540) 719-1115
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NEVER an Origination Fee!

Extensive consumer information on construction,remodeling, first time homebuyer,and no documentation mortgages.