Home Construction Loan Texas

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A home construction loan is a short-term, higher-interest loan that provides the funds required to build a residential property, explained Janet Bossi, senior vice president at OceanFirst Bank.

Construction loans* include short term loans to the individual homeowner to construct their proposed new homestead or weekend home. CommunityBank of Texas offers to the individual homeowner a short term note that is interest only monthly. The loan is a draw note and advances as work on the home progresses and is in place.

Let us take the stress out of building your dream home. Our one-time close texas construction loan is the best in the industry and not offered elsewhere, not by any other lender in the country. It is our specialty product, take advantage of it.

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Construction Mortgage Loan We provide construction loans for custom homes all over Texas. We currently are helping families with construction loans, in Dallas, Fort Worth, Houston, Austin, San Antonio, West Texas and all surrounding areas. No matter where you are at, we can provide you with a Texas Construction Loan.

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Construction loans are short-term, interim loans used for new home construction. The contractor receives disbursements as work progresses. Contact a dedicated, experienced U.S. Bank loan officer to learn more about construction loans and to discuss current construction loan rates.

Construction loans for the building of a completely new home work very differently from renovation loans, and we will focus on new home construction financing for the purposes of this article. A construction loan can be used to purchase land and build a home, or construct a home on land you already own.