Home Construction Loans

Adding a new addition to your current home or building a new home? Evergreen has a home loan solution.

Match your home construction project with the right construction loan. Not sure which is right for you? Contact an Evergreen loan officer for advice you can build on.

Home renovation

Get a loan for small or large renovations to your existing property.

New home construction loan

Get money for new home construction or a manufactured home on a nice piece of property.

Frequently asked questions:

What is the minimum credit score for a construction loan?

Home construction loans have higher qualifying requirements. Typically a minimum credit score of 620 with a low debt-to-income ratio is needed as proof of ability to repay.

Can construction loans for new homes include land?

Yes, a construction loan may include the cost of land, landscaping, contractor labor, building materials, permanent fixtures, and permits.

Are there different types of home construction loans?

There are different types of construction loans to build a home. Here are some common ones:

Construction-to-permanent loan – A one-time close (OTC) loan that covers the cost of the lot purchase and new construction, and then automatically converts to a permanent mortgage.

Construction-only loan – A short-term loan that covers cost of the construction phase of a new home.

Renovation loan – A loan that’s used for home upgrades instead of new construction.

Owner-builder construction loan – A construction-to-permanent or construction-only loan for scenarios when the borrower is also the builder.

End loan – A traditional mortgage that pays off initial financing for the construction phase of a new home.

How does a home equity line of credit work?

A home equity line of credit (HELOC) is a second mortgage with a line of credit that allows you to borrow against the equity in your home. Similar to a credit card, you use the available funds from a home equity loan as needed.

Build and Remodel FAQs

Learn more about building or remodeling a home.

Read our Build and Remodel FAQs


Use our payment and estimate calculators to help you make the right decisions.

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