Home Construction Loans
Your dream home is just a few blueprints away.
Our All-in-One Custom Construction Loan offers short-term construction and permanent financing, conveniently rolled into one loan, and interest-only (plus taxes and insurance) payments are available during construction. This loan is ideal for primary and second (vacation) homes, from minor renovations to custom build projects.
With a Banner Bank home loan, you'll get:
Features and benefits of an All-in-One Custom Construction Loan include:
- Financing for construction and renovation projects
- One closing, with one set of closing costs and no exposure to rising interest rates
- Borrow up to 95% of the home value
- Lot purchase can be included into the home loan
- Up to 12-month term during the construction phase
- Benefit from an interest rate reduction based on the market rate when construction is completed—ask your loan officer for details
- Fixed and adjustable rates available
We're with you all the way offering support for your home construction loan
- Once the construction loan closes, you'll continue to work with your loan officer
- You'll have a dedicated custom construction team to support you and to administer project funds to you to pay your builder (this is also called the draws process)
- Our online tool, Built, helps you easily access the entire loan process, request loan draws, see key dates, check project status and more
- The first draw for plans/permits and initial costs is typically made 1-3 days after loan closing
Ready to start your home construction project?
Visit our online mortgage application center.
Home Renovation Loans
Whether you are refinancing your existing mortgage or buying a new home, home renovation costs can be combined into your home loan.
Manufactured Home Loans
Finance your new manufactured home, the land and more, with one convenient loan.
Finance a Home Build or Remodel
Building or remodeling a home is an exciting project, yet it can be daunting. From finding the right contractor to picking out plans, and from selecting the right finishes to setting a budget—there’s lots to “get right” before the first nail is pounded.
Transform Your Home
How do we get a home to meet our evolving needs? If the inventory of houses for sale is low, people may stay put and update their home. Some will look to buy a place with potential and remodel it. Others will choose to build a dream home.