Construction Mortgages

Funding at Every Stage to Keep Your Build on Track

What is Construction Mortgages?

A construction mortgage funds the building of a new home or structure, with funds released in installments, or “draws,” as construction progresses. The draw schedule is based on completion milestones, verified through inspections by the original appraiser.

Here’s how we can help you With Construction Mortgages

We make financing simple with flexible construction loan options. Funds are released in stages as your project progresses, ensuring smooth cash flow and timely completion. With expert guidance, competitive rates, and a hassle-free process, we help you bring your dream home to life—one step at a time.

Dream big, finance your home, and make it yours

Make your home ownership dreams come true with our simple mortgage options

Why choose us?

We offer competitive pricing, flexibility, great support, and continuous innovation

Answers to Your Questions

Get all your mortgage questions answered with clear, reliable, and comprehensive guidance, ensuring you re confident every step of the way.

What is a construction mortgage?

A construction mortgage is a loan that funds the building of a new home or major renovations. Unlike a traditional mortgage, funds are released in stages as construction progresses.

How does a construction mortgage work?

Lenders provide progress payments at different stages of construction. You typically start with interest-only payments, then switch to a regular mortgage once the home is complete.

How much down payment is needed for a construction loan?

Most lenders require 20% to 25% down, but some programs offer lower down payment options based on credit and builder approval.

Can I get a construction mortgage with bad credit?

Yes, but lenders may require a larger down payment, higher interest rates, or a co-signer. Geo Mortgage helps you find options that fit your situation.

What are the risks of a construction mortgage?

Risks include cost overruns, construction delays, and fluctuating interest rates. A well-planned budget and working with an experienced lender can reduce these risks.

How can Geo Mortgages help with construction financing?

Geo Mortgages connects you with lenders offering competitive rates for construction loans. We guide you through the process to ensure a smooth, stress-free build.

Geoji Cherian

289 783 8321

Geoji Cherian