Construction Loans

How Do Construction Loans Work?

Homeseed is proud to offer stick-built construction loans, which give borrowers a better option for building the home of their dreams. With a Homeseed construction loan, you’ll gain access to our collaborative, cloud-based construction loan software which simplifies communication between you, the builder, 3rd-party inspectors, title companies and Homeseed. You also get full-time support and real-time tracking through the entire building process, ensuring you stay on-budget and on-time with your construction loan.

The Homeseed construction loan process

  • Step 1 - Apply
  • Step 2 - Processing & closing
    • Save time and money with our one time closing construction-to-permanent loan.
  • Step 3 - Construction & collaboration
    • This is where your dreams come to life! Our cloud-based construction loan software will allow for full transparancy into the home building and financing process.
  • Step 4 - Move in
    • The day you are waiting for!

Your One-Time Close Construction Loan Options

Conventional
5% down payment
Min. Credit Score: 700
The most popular construction loan option of a fixed-rate mortgage with terms from 15 or 30 years.
FHA
3.5% down payment
Min. Credit Score: 640
A ‘Federal Housing Administration’ construction loan designed for those with less-than-perfect credit and a lower down payment.
VA
0% down payment
Min. Credit Score: 640
Construction loans dedicated to veterans or active duty service members. Includes exclusive benefits.
USDA Rural Development
0% down payment
Min. Credit Score: 640
Insured by the U.S. Department of Agriculture, USDA construction loans are mortgages in rural areas.

Get Started in Less Than 10 Minutes

Get pre-approved with our online mortgage application. It’s simple, fast & secure!

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Monique Garces Bellevue home loans

Monique Garces

NMLS#: 1076894

Contact Monique