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Construction Lending

Build With Bell

When it comes to financing a construction project, Bell Bank Mortgage has everything under one roof! Our new construction lending team is here for you every step of the way.

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Your Guide to Building Your Dream Home

You’ve decided it’s time to make a change and have chosen to build or renovate. Now what? Here are the first three steps to plan your new construction project:

Meet with a Bell Bank Mortgage Loan Officer

The best place to start the process is right here at Bell. We’ll help you determine your budget and evaluate which financing options will fit you best.

Plan it Out

Think about your lifestyle and plans for the future. Do you need more space? Want to shorten your commute? Be closer to family? Your answers to these questions can help you identify what you’re looking for in your new home.

Select a Contractor

If you haven’t already selected a contractor, consider visiting model homes and researching builders in your area. You can also talk to friends or family members who have recently built or renovated a home.

The Building Process: What to Expect

  1. Getting Started: As you begin the process, you’ll meet with your Bell Bank Mortgage loan officer, get pre-approved and set your budget and goals.
  2. Designing Your Home: You’ll work closely with your builder to pick a floor plan, select finishes and upgrades and personalize your space. This is where your vision comes to life.
  3. Construction: Once permits are obtained, the process begins. Your home is built in stages. First, excavation and foundation are completed followed by framing, roofing and rough-ins for mechanicals. Windows and doors are installed to make the home weather-tight, and then the project moves to insulation, interior walls, and finishes. Finally, appliances and the last touches are completed. Each step brings you closer to move-in day.
  4. Completion: You and your builder will do a final walk-through before you move into your new dream home.
Construction worker working on the frame of a house

Options to Meet Your Needs

In addition to a simple draw process and an in-house appraisal desk, we offer a range of new construction programs for a variety of scenarios, including:

 

  • Rehab loans
  • One-time close loans
  • Two-time close loans
  • Lot loans
  • Extended lock with float down
  • Adjustable-rate mortgages (ARMs)
  • Fixed-rate mortgages
  • Jumbo loans
  • Conforming loans

Subject to credit approval. Program guidelines are subject to change without notice. Not available in all markets. Other restrictions apply.

New Construction Loan Programs

One-Time Close

Sometimes it makes sense to simplify, and our special one-time close option is an excellent option for projects that are clearly defined in both scope and cost with little opportunity for changes throughout.

Two-Time Close

A two-time close construction loan is an alternative option for financing a larger or more complex construction project that requires more flexibility.

Renovation Projects

If the thought of building a new home is overwhelming, consider renovating an existing property. This option can be used on a home you’re purchasing or the home you already own.

Additional Resources

A couple walking through a new build home.

New Construction: A Smarter Choice in Today's Market

New construction has a range of benefits to consider when compared to an existing home.

Read Article
Handshake over a desk with a wooden house sculpture on the side.

The Role of a Mortgage Loan Officer

The homebuying process can feel like a whirlwind at times, but mortgage loan officers can help make your purchase possible.

Read Article
Interior of a house under construction with exposed wooden beams, partial framing, and a staircase in a sunny environment.

A Two-Time Close Loan Could Be Right For You

Building a new home is an exciting endeavor, one that comes with unique challenges.

Read Article

Get Started by Finding a Bell Loan Officer

Find a Loan Officer