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Buying a Home

Building a Home

  • How do I get a construction loan?
    With any mortgage, you want to ensure your monthly payments fit your budget. This is especially true with a construction loan. During the construction phase, you want to keep expenses manageable and not acquire any extra costs that might come with delayed construction.

    Managing expenses is easier when you choose a construction loan from Valley.
    • One closing at the start of construction
    • Flexible downpayment options
    • Lock interest rate at the start of construction

    Use a Valley construction loan to build or renovate your home.


  • What do I look for in a construction loan?

    Your first step in securing a construction loan should be to talk to your Valley home loan consultant. The amount you may borrow will be an important part of your discussions with your builder in deciding what to include in your new home. A home loan consultant can also answer your questions about how construction loans are structured.

    • To get qualified, you will need to provide your basic debt, income and asset information
    • To apply for a construction loan, you will need to have a signed construction or purchase contract with your builder or developer. The contract will detail certain aspects that will impact your loan, such as:
    • Contract amount, which includes construction and cost of land, if applicable
    • Construction start and completion dates