A Simplified Approach to Construction Financing

     

Working as a team with you and your builder, we will assess your plans, timetables and all costs associated with your new home to find the financing option that’s right for you.

Then in contrast to most other banks, if approved, we will offer you the certainty and convenience that you require through THE POWER OF ONE. That means ONE LOAN with ONE INTEREST RATE covering the construction phase and permanent phase of your mortgage, and ONE CLOSING that takes place at the beginning of the process.

With THE POWER OF ONE, you don’t have to be reassessed and re-stressed once your loan is approved because everything is spelled out upfront. You will make interest only payments during the construction phase and principal and interest payments during the permanent phase of the loan. Lastly, you work with an experienced partner who has a vested interest in the timely delivery of your new home.




     


 

       
     
Building a home


 

Construction Financing Benefits:

 

  • One closing at the beginning of construction

  • Interest-only payments during the construction phase

  • Bank handles payments to builder

  • Locally-based mortgage team


    
   

   


   
   

Tools and resources:

   
  
  

Mortgage Calculator

Use this calculator to figure out your monthly payment, including your mortgage's principal and interest payments as well as insurance and taxes.

Home Affordability Calculator

How much home can you afford? Use this calculator to determine the home price and monthly housing cost you can afford.

Loan Comparison Calculator

Use this calculator to compare the remaining balance over time between two loan options based on their terms, interest rates and how long you plan to stay in your home.

   
   
   

Articles and insights:

   
  
  
How to reduce interest rate risk when you are building a home
Article

How to reduce interest rate risk when you are building a home

Introducing – the Power of One. With a single-close construction-to-permanent loan from Valley, you make monthly interest-only payments on advances during the construction phase, followed by monthly principal and interest payments during the permanent phase– at the interest rate agreed to in your mortgage note.

Making the decision to build
hidden text to fill headerDo you buy or build?

Making the decision to build

Here are 7 factors to think about to help you make the right choice for your family.

Understanding the building process
hidden text to fill headerSome things you should know

Understanding the building process

Here’s a basic walk through of the steps needed to design and build a custom home.

Choosing a contractor
hidden text to fill headerPlanning a remodel

Choosing a contractor

Here are 6 steps to help you select the right contractor for your project.