Building a new home

Many people dream about building a new home to their exact specifications. If you've been thinking about building a new home, it could be one of the most exciting and rewarding projects you'll ever undertake. If you're currently a homeowner, an alternative to a construction loan is to use the equity in your home to finance building a house. We offer a number of construction loans designed to help you finance the building of your new home. For information on construction loans, including the benefits of closing before construction begins, talk with a mortgage loan officer.

Find a builder

Once you settle on using your home equity or getting a home construction loan to build a new home, there are several ways to find a quality home builder in your area:

  • Contact your local chapter of the National Association of Home Builders.
  • Get referrals from friends, family and from real estate agents who specialize in new home construction.

Check credentials before hiring

Hiring a builder is like hiring any other type of professional — you may want to work with someone who is highly qualified. Consider the following when interviewing builders for your project:

  • Proven experience in building the type of residence you want.
  • Meets state licensure and insurance requirements.
  • A solid reputation in the community, including a good rating with the Better Business Bureau and excellent references from past clients, suppliers and local banks.
  • Recipient of industry awards and involvement in professional associations.
  • A permanent business address.

Contact the state or county to verify there is no history of legal proceedings against the company and that no legal proceedings are pending.