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Tennessee

Construction Loans

Valor Mortgage helps home builders who are looking to build their home in Tennessee through the assistance of a construction loan.
 
 
 
 

Build the Home of YOUR Dreams.

With a construction loan, you can build a home that matches your vision. Construction loans cover the costs of land, materials, labor, and other expenses needed. Make your dream home a reality. From modern homes in Nashville to cabins built in Gatlinburg, a construction loan gives you the support you need. Work with us to simplify the construction loan process and start building your dream home today.

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Benefits of a Construction Loan

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Custom Home Design

Construction loans allow home builders the flexibility to create a fully-customized home design, building a truly unique home.

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Build New

Like everything, homes age. With a construction loan, build a new home that has no history! Begin a legacy!

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Use Property as Equity

If you own your land, you can use your property as equity on the cost of build, helping you qualify for a larger loan.

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Interest Only Payments

Payments are interest only during the construction period, allowing for payments to be lower than traditional loans.

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Construction Loan Requirements.

In order to apply and qualify for a construction loan in Tennessee, builders must have a:

  • strong credit score is needed to qualify for a construction loan
  • good debt-to-income ratio
  • down payment of at least 5% of the total cost
    • *options for 15% down with no mortgage insurance
  • approved builder
  • detailed construction plan for review and approval

Throughout the building process, lenders will monitor the construction progress to ensure it adheres to the approved plan and timeline.

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Ready to Apply for a Construction Loan?

Fill out the form to contact us, or give us a call!
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