5-YR FIXED INSURED 4.79%5-YR FIXED CONVENTIONAL 4.94%5-YR VARIABLE P - 1.05%3-YR FIXED 4.69%2-YR FIXED 4.59%BOC OVERNIGHT 2.25%PRIME RATE 4.45%QUALIFYING RATE 5.25%Rates updated daily
Marwah Amer Capital Partners

Construction Loans

Build the home you planned

A construction mortgage releases funds in stages as the build progresses. We arrange the financing, help you prepare the budget lenders expect, and coordinate the inspections that trigger each draw.

  • Progress-draw financing
  • Owner-builder and contractor builds
  • Land purchase plus construction
  • Conversion to a standard mortgage at completion
Illustration of a house, a set of keys and a signed mortgage document

How draws work

Lenders typically advance funds at set milestones, for example foundation, lock-up, drywall and completion. An inspector confirms each stage before the draw is released. Interest is charged only on funds advanced.

What lenders want to see

A detailed budget, a fixed-price contract or a realistic owner-builder plan, permits, drawings and a contingency reserve. We help you assemble a package that gets approved the first time.

FAQ

Common questions

Can I finance the land as well?

Yes. Many lenders combine the land purchase and the construction financing into one facility.

What happens when construction is complete?

The construction loan converts to a standard mortgage, and the residential closing is handled in association with Marwah Law.

Do I need a contractor?

Owner-builder projects are possible with some lenders but require more documentation and a larger down payment.

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