Construction/Land Loans
For individuals who would like to build their own home after purchasing a vacant lot, Maple Leaf Mortgages can help them acquire construction financing so that they can have their home the way they want it to be. We will help you find a mortgage with a lender that will provide you with timely construction loan payments or “draws” at different stages of the build. Typically, there are three stages being the standard and each completed stage is checked by an appraiser or the lender’s inspector before the next draw is released.
Although there are many specific steps in this process, our brokers will be there every step of the way to help simplify it and to relieve you of the financial stress of building a home. For more information on how to obtain a construction/land loan, call any one of our mortgage brokers today for a free consultation.