Construction Loan Process

Figure It Out

Before you work with your builder to design your new home, find out how much you can borrow and what kind of home you can build.

Try our Financing Calculators

Then get Pre-Approved. Take advantage of our local decision-making for a fast, free loan approval!

Choose a Housing Plan and a Builder

North Shore Mortgage requires you to have a general contractor.

Choose a Loan Type and Apply!

Need help choosing a loan? Try our selector: Which mortgage is right for me? Or browse our Loan Types page. Use our online form to get pre-approved.

Our construction loan application process takes 10-14 days at the most, but we'll work with you if you need it more quickly. See our construction loan checklist for what we'll need from you at this point. Use our online form to get pre approved.

Close on the Construction Loan

Learn more about the closing process. If you haven't already, try our calculator: What will my closing costs be?

Begin Construction

Learn more about what to expect during the construction phase.

Modify to a permanent loan after:

• The house is complete
• All funds from the construction loan are disbursed
• It's been 6 months or less since closing on the construction loan

For the final paperwork:

• Bring funds for escrow account for taxes and insurance
• Bring funds for any remaining interest owing on the construction loan and for interest through the first of the following month on the permanent loan.

Move in to your new home!

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