CONSTRUCTION LOANS

BUILD YOUR VISION. FINANCE IT WITH THE RIGHT STRATEGY.

From the ground up to the front door, MGB Financial Services, Inc. can help you explore construction financing options designed around your project.

30+ Years of Mortgage Experience

READY TO BUILD?

START WITH A CONSTRUCTION LOAN REVIEW

Whether you already own the land, are purchasing a lot, have plans ready or are just beginning your project, start by having us review your construction financing options.

QUICK PRE-QUALIFICATION COMPLETE LOAN APPLICATION
BUILDING A HOME? LET AN UNDERWRITER REVIEW YOUR CONSTRUCTION LOAN OPTIONS

CONSTRUCTION FINANCING IS DIFFERENT FROM A REGULAR HOME LOAN

A construction loan may involve more than income, assets and credit. The lender may also review the land, building plans, construction budget, builder, permits, appraisal, construction timeline, draw schedule and anticipated completed value.

Reviewing the financing before construction begins can make a major difference.

FROM LAND TO COMPLETION

One construction project can have several financing possibilities. The right structure depends on the borrower, property, project and available loan programs.

CONSTRUCTION-TO-PERMANENT

A construction-to-permanent loan may provide financing during construction and then transition into longer-term mortgage financing after the home is completed, subject to program requirements.

GROUND-UP NEW CONSTRUCTION

Building a new home from the ground up? Financing options may be available for qualified borrowers constructing a new primary residence.

CUSTOM & LUXURY HOME CONSTRUCTION

Custom and luxury homes may involve larger construction budgets, valuable land and more complex financial profiles. MGB can help qualified borrowers explore available financing options for high-value residential construction.

LAND + CONSTRUCTION

Need to purchase the lot? Depending upon the program, financing may be available for eligible land acquisition and construction costs.

ALREADY OWN THE LAND?

Depending upon the program, appraisal and lender requirements, available land equity may be considered when structuring the construction financing.

TEAR-DOWN & REBUILD

Love the location but want a completely new home? Financing possibilities may be available for eligible projects involving demolition of an existing residence followed by new construction.

MAJOR RENOVATION / RECONSTRUCTION

Major renovation and reconstruction projects may require construction or renovation financing rather than a traditional mortgage. We can review available financing alternatives.

ADU CONSTRUCTION

Planning an Accessory Dwelling Unit? Ask us to compare available ADU construction, renovation, refinance and home-equity financing options for your property.

HOW DOES A CONSTRUCTION LOAN WORK?

Unlike a traditional mortgage, construction financing commonly releases funds in stages as the building project progresses.

1. BORROWER REVIEW
Income, assets, credit, liabilities, reserves and overall borrower qualifications are reviewed.

2. PROJECT REVIEW
Plans, specifications, construction budget, permits and the proposed construction timeline may be evaluated.

3. BUILDER REVIEW
The builder or general contractor may need to satisfy lender licensing, insurance, experience and documentation requirements.

4. APPRAISAL
The appraisal may consider the land, building plans, specifications and anticipated completed value of the home.

5. LOAN CLOSING
Once underwriting and applicable closing conditions are satisfied, the construction financing can close.

6. CONSTRUCTION DRAWS
Funds are generally released in stages as specified portions of construction are completed.

7. INSPECTIONS
Inspections may be required before certain construction draws are authorized.

8. PROJECT COMPLETION
Final inspections, certificates and other completion documentation may be required.

9. PERMANENT FINANCING
With eligible construction-to-permanent financing, the loan transitions according to the permanent financing terms and program requirements.

WHAT WILL AN UNDERWRITER REVIEW?

A construction loan is about more than a credit score. The complete borrower and construction project may need to be evaluated.

YOUR FINANCIAL PROFILE

✓ Income and employment
✓ Self-employment or business income
✓ Credit history
✓ Assets
✓ Down payment or equity
✓ Cash reserves
✓ Existing obligations

YOUR CONSTRUCTION PROJECT

✓ Land or existing property
✓ Building plans and specifications
✓ Construction budget
✓ Estimated construction costs
✓ Permits and approvals
✓ Construction timeline
✓ Builder information
✓ Anticipated completed value

BEFORE YOU BUY THE LAND OR START BUILDING

REVIEW THE FINANCING FIRST.

Whenever possible, speak with MGB before purchasing the lot, signing a major construction contract, making substantial builder deposits or beginning construction.

An early financing review may help identify lender and program requirements before substantial money has been committed to the project.

DON'T KNOW WHICH CONSTRUCTION LOAN YOU NEED?

You don't have to understand every construction lending guideline. Tell us about your project and let us review the complete picture.

✓ What are you building?

✓ Where is the property?

✓ Do you already own the land?

✓ What is the estimated construction cost?

✓ Do you have plans and permits?

✓ Have you selected a builder?

✓ How much financing do you need?

BUILDING A HOME?

LET AN UNDERWRITER REVIEW YOUR CONSTRUCTION LOAN OPTIONS.

With 30+ Years of Mortgage Experience, MGB Financial Services, Inc. can help you explore financing possibilities based on your financial profile and construction project.

LET AN UNDERWRITER REVIEW MY CONSTRUCTION PROJECT

READY TO TURN YOUR PLANS INTO A HOME?

Start your construction loan review today.

QUICK PRE-QUALIFICATION COMPLETE LOAN APPLICATION
BUILDING A HOME? LET AN UNDERWRITER REVIEW YOUR CONSTRUCTION LOAN OPTIONS

MGB FINANCIAL SERVICES, INC.

30+ Years of Mortgage Experience

Phone: 562-809-2643
Email: Loan@MGBFinancial.com
Website: www.MGBFinancial.com

DRE #00984310
NMLS #257-608 / 280-127

Construction loan programs, loan amounts, down-payment requirements, builder requirements, documentation, draw procedures, rates and terms vary by lender and program. Financing is subject to borrower qualification, property and project eligibility, appraisal, underwriting approval, lender requirements and program availability. Programs, rates, terms and guidelines are subject to change. This information is for general informational purposes and does not constitute a commitment to lend.

Start Your Pre-Approval Application

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Start Your Pre-Qualification Application

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Why Pre-Qualify with Us?

Get pre-qualified quickly — no complicated paperwork or long waits.
Shop with Confidence — know your budget upfront and show sellers you’re a serious buyer.
Soft Credit Check — protect your credit score; our pre-qualification won’t hurt it.
Honest & Transparent — no hidden fees, just clear guidance to help you make smart investment decisions.

Ready to Get Started?

Fill out the application above to get pre-qualified for a purchase loan today!
It’s quick, secure, and helps you understand how much home you can afford.

Need Help?

If you have any questions or need assistance with the application, don’t hesitate to call us at 562-809-2643. We’re here to help every step of the way!