Loan program
Construction Home Loan
One-time-close construction financing for new builds and major additions.
Build your dream home with a single-close construction loan that converts automatically to a permanent mortgage when construction completes.
Building your own home is a thrill — and a process. The right construction loan smooths every step from breaking ground to handing over the keys.
Evergreen Ridge Financial Group specializes in one-time-close construction-to-perm loans: you close once, pay one set of fees, and the loan automatically transitions to your permanent mortgage when the home is done.
During construction, you pay interest only on funds drawn. After completion, you settle into a standard 30-year fixed (or whatever permanent product you chose).
What it gives you
One Closing
Construction and permanent loan combine into one closing — one set of fees.
Interest-Only During Build
Pay only interest on funds drawn during construction.
Locked Rate
Rate is locked at construction closing — protect against rate spikes.
Conventional, FHA, VA
Construction-to-perm available across most loan types.
How it runs, start to finish
- 1
Plans & Budget
Builder provides plans, specs, and a detailed budget.
- 2
Apply
We underwrite the construction loan and permanent loan together.
- 3
Draws During Build
Funds release in stages as the builder completes work.
- 4
Conversion
Loan converts automatically to your permanent mortgage at completion.
Questions people ask about this one
Do I need a licensed builder?
Yes — owner-builder programs exist but are rare. Most lenders require a licensed, bonded GC.
How long can construction take?
6–18 months typical; extensions available for complex builds.
Down payment for construction?
20% on conventional, 3.5% on FHA construction-to-perm, 0% on VA new construction.
What happens if the build costs go over?
You cover overages out of pocket. We build in a 5–10% contingency to absorb minor surprises.
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The first step is a conversation, and it costs nothing.
No documents, no credit pull, no obligation afterwards. Just somebody explaining the part you are stuck on.
Or call(503) 555-0175and ask for whoever is free.
