Custom Built Homes

Require Custom Built Financing Pre-Qualify Today!

New Construction Loans: Lending A Hand In The Construction Process

 

Construction-To-Permanent Loan

The Details:

  • Only one set of closing costs including the lot purchase, construction and permanent loan.
  • 10% down payment is needed at the time of construction loan closing (subject to end loan qualifications)
  • Interest only payments are collected DURING construction. Interest payment is based on the current drawn out balance. Interest payments may be deferred until project comletion for qualifying Gonyea customers.
  • Upon completion of your new home, we simply roll the construction loan into the permanent loan of your choice.

Permanent Financing

The Details:

  • Extended rate options available
  • One loan (with or without MI) or two loans
  • ARM or fixed rate conventional or Jumbo loan program

Benefits

  • Available for new home construction or major remodeling projects.
  • Lower fees than for two separate loans.
  • As little as 10% down payment.
  • Lot loans available with as little as 20% down and your lot equity will be credited towards your down payment for the construction loan.
  • Bridge and Home Equity loans available for borrowers with a home to sell.

Ready To Complete Your Pre-Qualification Application?

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Dylan Niska

Dylan Niska

Vice President | Tradition Mortgage

Questions? Concerns? Connect with Dylan Niska! Dylan has been a partner with Tradition Mortgage since its inception in 1998. As a loan officer, he has developed a large referral network based on trust and professionalism. Reach out to Dylan today!

Office: (952) 252-4680 | Cell: (612) 396-7272 | NMLS#342545