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
Ready to start your home construction project?
Visit our online mortgage application center.
Support for your home construction loan
During the build phase, you’ll continue to work with your loan officer and have a dedicated construction team 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. Before you start, you’ll need to get prequalified for financing with one of our loan officers.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.