New Construction Mortgage

What Is a New Construction Mortgage?

A New Construction Mortgage is a short-term home loan (typically about a 4-6 month term) to pay for the costs of actually building a new home from the foundation up and purchase of the land.  It is a specilaty of ours at LMC.  Let us show why we are experts in construction lending. 

To help you answer any of the questions you may have about a New Construction Mortgage, we’ve compiled a list of resources to begin the process.

New Construction Tools and Resources

Can I Really Afford an New Construction Home?

Taking on a new construction mortgage is a big decision but our construction lending experts are here to help. We offer financing with as little as a 5% down payment, quick turnaround for settlement and flexible draw schedules. LMC can finance the purchase of the land and the cost of building in one transaction.   We offer both 2-step construction and a one-time close construction. It’s the best of both worlds.

New Construction Resources

Applying for a new construction mortgage is a different process than a typical mortgage. We have a list of resources to help you navigate those differences.

  New Construction Resources ›

How to Get Started?

Let us know a little more about you and what you’re looking for in a residential mortgage loan by completing the form on this page.

In a Hurry? Get a Customized Rate Quote

We would like to get to know you and what you’re looking for in a home loan. You can APPLY ONLINE and an LMC Mortgage Expert will contact you within one business day.

Mortgages Made Easy!

Find out how:

  • In Pennsylvania