How do Home Construction Loans Work?

Construction loans can help you finance the costs of building your new home throughout the project. Once your home has been finished, Arvest can provide permanent financing. Arvest services 99% of our mortgages, so you’ll continue to receive the same great Arvest service through the life of your mortgage.

Benefits of a Construction Loan Include:

• Financing to suit your project
• Fixed-rate loans
• Interest-only payment
• Finance construction, materials, home plans and/or land
• Finance up to 85% on loans conforming to secondary market standards
• Finance up to 80% on jumbo loans 

How to Apply

Your Arvest representative can help you determine if this is the best option for building your new home and go over the details and your questions, including:

• Helping you find your best home construction loan rates
• Understanding construction loan options for first-time homebuyers
• Guiding you through the home construction loan application process