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Timber Frame Home Financing    

Financing a timber frame home is unlike financing a "stick built" home. Not all construction lenders are set up to handle the different requirements involved in timber frame home financing. Most will try to make your project "fit" their loan program, rather than fitting the timber frame home financing program to the unique requirements of your project.

Timber frame home financing packages offer many advantages and payment options.

  • Fixed or adjustable interest rates
  • No typically higher rates for interim financing 
  • Eliminate a second set of closing costs with a single close timber frame home financing loan
  • Use the equity in your land as down payment
  • Finance up to 95% of the value (includes your land and the value of the home)
  • Construction periods are available up to one year
  • During construction, payments are interest only and only on the funds disbursed
  • Draw schedules are tailored to the unique needs of the timber frame home builder. Your timber frame home dealer wants to be paid when the package is delivered. Our lenders understand the process and will work with the dealer to ensure there are no delays.
  • Appraisal comps do not have to be timber frame construction if none are available in your immediate area

Several Timber Frame Home Financing options include:

  • One Time Close Timber Frame Home Financing Single Rate. "One Step" program which protects you against increasing rates and extended lock fees. Interest only fixed rate during construction and modifies into a permanent loan after construction. Great flexibility and low rates on ARMs.

  • One Time Close Timber Frame Home Financing Prime Rate Based. "Two Step" program allows you to borrow up to 95% of your total cost for a Principal Residence and up to 90% on a Vacation Home. Based on the Prime Rate  during the construction period with interest only collected on funds disbursed. Allows a 12 month construction phase. 

  • Lot Loans. Designed for those who found the perfect lot but are not ready to build. Low down payment loans are available.

I have written a  newsletter covering timber frame home financing construction/perm loans, and a timber frame home financing construction FAQ is available.

I have a list of timber frame home financing documentation needed to process your loan.

There is a new page detailing timber frame home 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.

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.

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

Read more about timber frame home financing Closing Costs

One of the questions I frequently get from my clients is about finding a qualified and reliable contractor. After a great deal of research, I do recommend Reliable Remodeler. I have personally used their free service and was very pleased with the outcome. Please complete their contractor referral form for up to 4 local pre screened contractors.

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.

Timber Frame Home Financing   Prequalify for your Timber Frame Home Financing 


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