Construction Loans

You don’t have to wait to make a dream purchase.

Turn a blueprint into a home with a construction loan from D.L. Evans Bank. Construction loans provide funds to future homeowners for the land, materials, and labor that are the building blocks to constructing your new home. If you already own your land you can use it as collateral, resulting in a lower initial investment to meet your construction loan down payment requirements. Your construction loan term will only be as long as it takes to complete the building of your home. Once your home is built your construction loan will be converted into a mortgage.

Steps in the Construction Loan process

1. Pre-qualify with your mortgage loan officer
2. Finalize plans and costs with your builder
3. Submit and review construction request
4. While your home is being built, your construction loan is utilized with draw requests to cover construction costs as the home is being built
5. 60 days from the completion of your new home, you will work out the final details for a mortgage loan with one of our mortgage loan officers
6. Your home is completed and receives its certificate of occupancy
7. Finalize and close on your mortgage loan
8. Celebrate your new home that has gone from blueprint to reality

Apply Now

Details

•  A wide range of terms customized to your unique situation
•  Approval based on creditworthiness 
• Local decision-making and processing
• Attentive, friendly service from start to finish
• Pre-qualify with a mortgage loan officer
• Cost breakdown from your builder is needed
• Copy of plans and specs for the new home
• All loans are subject to credit approval