This type of loan is particularly helpful if you need to build your home from the ground up, as the funds are dispersed at various stages of the construction process has been completed. A common misconception is that a construction loan is the same as a traditional mortgage, but the two differ significantly regarding how they work and eligibility requirements.
Loans for new home construction
Lot financing may be included
80% or lower of cost or appraised value
Available in Texas and Oklahoma
Up to $1,000,000 loan amount
Primary residence only
Loans for new home constructions. Finance the home you want to live in and build it from the ground up.
Certain restrictions apply on all programs. See your First Liberty Bank Loan Officer for complete program guidelines, loan application, applicable fees and annual percentage rates (APR’s) for all loan programs. Full underwritten approval is required and all loan approvals are subject to credit, income and asset review and approval.
Our online application makes it quick and easy to get started. We have experienced mortgage loan officers ready to help you make the best financial decisions for your unique situation.