Follow Us

New Construction Loan Program

new home construction loan

Building Your Dream Home?

ASK ABOUT OUR NEW CONSTRUCTION LOAN PROGRAM

CBM Mortgage offers a unique construction to permanent financing option for those interested in building their next new home. Our new construction program allows for low down payment options (as little as 5% down) and the flexibility to use the builder of your choice all while being able to provide the highest level of customer service.

One major benefit of this program is that all parts of the process remain in-house from origination to closing. After the construction loan closing our in-house construction loan administrator facilitates the builder’s draw requests and monthly interest only payments during the construction phase.

THE BENEFITS

  • As little as 5% down if purchasing land or 5% equity if you already own the land.
  • Fixed interest rate for up to 30 years
  • Flexibility to choose the builder of your choice – must hold Class A Builder’s License.
  • Permanent loan financing programs; FHA, VA or Conventional
  • Competitive interest rates on the permanent financing with early rate lock options.

CBM Mortgage is your hometown lender and would be honored to be part of the construction process for your next home. Please contact a CBM Mortgage representative for more information regarding our New Construction Loan Program.

We can work with you to get preapproved online, over the phone, or face-to-face.

We welcome you to apply for a mortgage with us for your next home purchase or refinance! A locally owned business, CBM has convenient locations in Winchester, Va.Strasburg, Va.; and Front Royal, Va.

get approved now

Home Loan Programs