Build your perfect home with Mann Mortgage’s customized Construction Loans!
Construction loans make building Your Dream Home surprisingly easy and affordable.
What are construction home loans?
Construction Loans, offered by our Reno Office, constitute a specialized financial instrument meticulously designed to cater to the distinct financial requirements of erecting a new domicile or rejuvenating an existing one. Unlike conventional mortgage loans, which disburse a lump sum for already-constructed properties, Construction Loans operate on a different paradigm. Our Reno Office disburses the funds in progressive phases, each synchronized with the incremental progress of your construction project. This approach ensures that financial resources are disbursed in accordance with your project’s advancement, optimizing efficiency and fiscal prudence.
Not sure where to get started? That's okay too, we're happy to meet you where you're at and direct you to the right place or person.
The MannMade construction loan process.
- A Construction Loan, offered by our Reno Office, is a short-term loan specifically designed to cover the costs of building a new home or remodeling an existing one. It provides funding in stages, ensuring your project progresses smoothly.
Unlike a standard mortgage, which provides a lump-sum payment for an already constructed home, Construction Loans from our Reno Office disburse funds in phases as your project advances.
Our Reno Office offers two primary types of Construction Loans: Construction-to-Permanent Loans, which convert into traditional mortgages once construction is complete, and Stand-Alone Construction Loans, suitable for smaller projects or those not planning to stay long-term.
Our Reno Office provides competitive interest rates on Construction Loans. Terms typically range from 6 to 12 months, with the option to extend if needed, ensuring flexibility throughout your project.
To qualify for a Construction Loan from our Reno Office, you’ll need a solid credit history, detailed construction plans, and a qualified builder. Our experts are here to guide you through the eligibility criteria and documentation process.
Applying for a home has
never been easier
Our quick and secure process takes less than 10 minutes to apply.
Learn more about
construction loans
Yes, you can. Our Reno Office offers Construction Loans for both new construction and renovation projects, making it a versatile financing option for various home improvement needs.
With a Construction-to-Permanent Loan, you’ll only need to go through the approval process once, and it automatically converts to a traditional mortgage, potentially saving you time and paperwork.
Funds from our Reno Office are disbursed in predefined phases, often known as “draws,” to cover expenses related to construction, ensuring that you only pay for the work completed.
Our Reno Office offers the option to extend the loan term if your project timeline extends beyond the initial agreement, providing you with the necessary flexibility.
To qualify for a Construction Loan from our Reno Office, your builder should have a track record of successful projects, relevant experience, necessary licenses, and insurance coverage.
“I was always in the loop on my loan process. I loved the one-time close construction loan. It saved me thousands to be able to lock in the interest rate.”
Josue Gabriel Lopez
Let's get you home.
Borrow up to 97% of a home’s value with as little as 5% down. Our local loan experts will help guide you.