Build your dream home in Oklahoma with the help of a construction loan.
Building your custom dream home can be an exciting project, but it requires a significant financial investment.
WHAT IS A CONSTRUCTION LOAN?
A construction loan is a short-term financing option that provides funds to a borrower in installments as they progress through various stages of the construction process until the project has been completed. This type of loan is especially helpful for those who are building a home from the ground up. 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.
WHAT ARE THE ADVANTAGES OF A NEW HOME CONSTRUCTION LOAN?
- Loans for new home construction in Oklahoma
- Interest only payments
- Lot financing may be included
- 80% or lower of cost or appraised value
- Up to $1,000,000 loan amount
- Primary residence only
This is not a commitment to lend; you must submit additional information for review and approval. Rate, Annual Percentage Rate (APR), and terms are subject to change without notice. See your Loan Officer for complete program guidelines, costs, fees, and annual percentage rates (APRs).
Secure loan financing for new home constructions in Oklahoma City, Norman, and Central Oklahoma. To start the application process, contact an FLB Mortgage Lender or visit one of our branch locations in Oklahoma City, OK or Norman, OK, today!
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Need Help? Click Request Info, and one of our mortgage loan officers will reach out to you.
