Construction and Renovation Loans

American Pacific Mortgage offers a variety of financing solutions for construction and renovation loans. Read on to see if they’re what you’re looking for!

Construction Loans

Some homebuyers want an existing home that’s move-in-ready; others want to build their dream home from the ground up. Our team works with you and your builder directly to provide the financing needed to build through our in-house construction lending program.

We offer a two-time close construction loan. This means you’ll have one loan to pay for the construction, and then as construction nears completion, you’ll get a second loan that will pay off the construction loan and become your permanent financing.

Our construction loan comes with up to 90% financing, post-construction rate locks, and timelines that exceed typical building parameters. We expertly guide you through the construction loan process, which includes managing builder approval, draw requests, and everything else that takes place between breaking ground and moving in.

The payments on the construction loan are interest only, and you can choose to make monthly payments or build them into your loan. Your permanent financing is a traditional loan, where you make principal and interest payments monthly just like any other mortgage.

Renovation Loans

Repairs or remodeling projects can deplete your savings, so that’s why we provide the perfect solution with our suite of renovation mortgage products. Available in FHA and conventional mortgage loan options, these loans allow a client to purchase a less-than-perfect property that needs remodeling. They also help homeowners who need to make repairs or updates that can enhance their home’s value, or investors looking to rehabilitate properties for maximum rental income.