Construction Loans
Build Your Dream Home With Financing That Grows With Your Project
Your vision for a new home or major renovation deserves financing structured around how construction actually works. At Perch Lane Mortgage, we understand that building happens in phases. You don't need all the money upfront. You need it when your contractor does. Our construction loans are designed to fund your project as it progresses, protecting both your budget and your peace of mind through every phase of the work ahead. Whether you're building from the ground up or transforming an existing space, we're here to make the financing as straightforward as the vision itself.
Construction Financing Built for Real Projects
We offer several construction loan structures to match how your project will actually unfold. Each is tailored to give you access to funds when you need them, with terms that reflect the timeline of your work.
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Construction-to-Permanent Loan
Start with construction financing that converts to a permanent mortgage once your project is complete. You fund the build in draws aligned with your construction schedule, then transition to long-term financing without the need for a separate application. This streamlined approach keeps closing costs down and simplifies the path to occupancy.
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Construction-Only Loan
If you prefer to secure your own permanent financing separately, a construction-only loan covers the build phase on its own terms. We structure draws to match your contractor's payment schedule and your project milestones, giving you full control over your long-term mortgage decision.
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Renovation Loan
Major renovations on existing homes deserve dedicated financing. Whether you're upgrading a kitchen, adding space, or modernizing systems, our renovation loans fund the work in stages aligned with your contractor's progress and your project plan.
Your Path From Concept to Keys
We've simplified construction lending into three clear phases. You'll know exactly where you stand and what comes next at every step of the way.
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Pre-Construction Planning
We review your building plans, contractor estimates, and project timeline. Together we structure a loan that funds your work in draws aligned with construction phases. You'll understand your total borrowing capacity and the exact mechanics of how and when funds will be disbursed before any ground is broken.
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Active Construction Phase
As your project progresses, we manage draws against completed work. You submit invoices and documentation of progress. We inspect and verify work completion, then disburse funds to your contractor. This protects your investment and ensures financing matches actual progress throughout the build.
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Conversion and Permanent Financing
When construction concludes, your loan converts to permanent mortgage terms if you chose construction-to-permanent financing. We finalize appraisals of your completed home and transition you into long-term financing with terms set for stability and predictability for years to come.