Build your perfect home with Mann Mortgage’s customized Construction Loans!
Construction loans make building Your Dream Home surprisingly easy and affordable.
What are construction home loans?
In the heart of Tennessee, our Franklin office stands as a beacon of expertise in this field. With an unwavering commitment to serving the distinct needs of residents in Leipers Fork, Pasquo, Arrington, and Nolensville, our team specializes in tailoring Construction Loans to harmonize seamlessly with the specific requirements of each project. Our goal is to empower you with the financial resources and guidance necessary to transform your construction dreams into concrete realities.
Not sure where to get started? That's okay too, we're happy to meet you where you're at and direct you to the right place or person.
The MannMade construction loan process.
- Construction Loans differ from traditional mortgages or personal loans. They are specifically designed to cover the costs associated with construction and typically have shorter terms.
These loans typically have two phases. The first phase involves funding the construction itself, while the second phase, often called the “permanent financing” phase, converts the loan into a traditional mortgage after the construction is complete.
During the construction phase, you’ll usually only make interest payments. Once construction is finished, you’ll transition to full principal and interest payments.
- Construction Loans are typically secured by the property itself and may require a down payment or equity from the borrower.
Our Franklin office offers Construction Loans tailored to your specific project, ensuring that you get the funding you need while managing your financial goals effectively.
Applying for a home has
never been easier
Our quick and secure process takes less than 10 minutes to apply.
Learn more about
construction loans
Credit score requirements can vary, but generally, a credit score of 680 or higher is recommended for better terms and rates.
Construction Loans typically involve a draw schedule. Funds are disbursed in stages as the project progresses, ensuring that you have the necessary capital at each phase of construction.
Yes, Construction Loans can be used for extensive renovations, allowing you to enhance and improve your current property.
You’ll typically need to provide detailed plans and specifications for your project, along with your financial information, including income, assets, and liabilities.
The approval process can vary, but it often takes a few weeks to a couple of months, depending on factors like your project’s complexity and the lender’s requirements.
“I was always in the loop on my loan process. I loved the one-time close construction loan. It saved me thousands to be able to lock in the interest rate.”
Josue Gabriel Lopez
Let's get you home.
Borrow up to 97% of a home’s value with as little as 5% down. Our local loan experts will help guide you.
