Construction financing funds a build or eligible project. Disbursements may be tied to inspected milestones under a draw agreement. Advance amounts, interest, fees, inspections and completion deadlines depend on the actual contract and program.
Loan Products
Construction loans
Short-term financing to build a home, with draws paid out as work is completed rather than one lump sum.
By Lighthouse Companies, LLC · Updated · 1 min readLighthouse provides educational information, not a personal loan quote, lending decision, or legal or financial advice. Verify the figures against your documents and ask your lender, servicer, or a qualified professional about your circumstances.