Construction Loans

Ready to build your dream home? Schuylkill Mortgage makes it easy with our construction loan program

• 85% LTV( can use the value of land towards the construction minus amount owed) Interest only during construction

If you’re planning on building a home, financing the undertaking is the best way to go. Even if you have the funds to pay for the new construction outright, there are several reasons that getting a loan to handle the expenses makes sense. Quite typically, costs overrun and it’s much safer to have that security net that a loan can provide.

Schuylkill Mortgage offers construction loans that are designed with our clients in mind. Throughout the duration of construction, your loan payments are interest only. This is hard to find, but we believe that it makes it much easier to build the home of your dreams and save money overall.

Our construction loans are available at an 85% LTV ratio. This means you’ll have less to put up front and more to put into the construction of your home. Many other lenders offer only 60 to 70% LTV, but thanks to the special arrangements we have with our investors, we are able to offer our clients a much better value.

In addition, you are allowed to use the value of the land towards your construction with one of these loans. Once again, you have more lending power at your disposal which means you can get more house for your money.

Building a new home can be stressful and it usually seems as though anything that can go wrong – will go wrong. But when you’re working with Schuylkill Mortgage, you can be assured that everything relating to your loan will go right.