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Renovation and Construction Financing
building confidence from the ground up
Build smarter with Luminate bank’s RENOVATION AND construction loan options.
Whether you’re working with a builder, designing a custom home, or renovating a property from the studs up, you need a loan that’s built around your timeline and goals.
At Luminate Bank, we offer a variety of programs tailored to get the job done, including construction-to-permanent loans, one-time-close, and two-time-close programs that help simplify the process and reduce your stress.
We’ll help you understand the difference, choose the right structure, and walk you through every step until move-in day.
Ready to take the next step?
Reach out for more details and a one-on-one conversation.
Everyone involved was so friendly and willing to work to put us in the best possible situation in buying a newly constructed home.
It was a pleasure to with with all who were involved from the beginning of the construction loan to the completion of the refinancing into a conventional loan.
My husband and I would highly recommend using Luminate Bank. Thank you all for the great experience!
Cindy L
We worked with the Luminate Bank team on the financing of our new construction home and their customer service was impeccable from day one.
Buying a home is stressful but they went above and beyond to answer all of our questions in a timely manner, provided accurate information at all times, and helped keep me calm when I felt like crying (haha!)
We are very satisfied and would highly recommend the Luminate team!!
Tina P
Had a rockstar experience working with the Luminate Bank team on a recent new construction home purchase!
The team made the whole process feel like a breeze and we didn't even have any hiccups to speak of, just smooth sailing from start to finish! If you have home ownership goals and dreams, definitely get in touch with Luminate to give them a chance to help you out! You won't be disappointed!
Scott F.
We purchased a new construction house and used Luminate over the preferred lender of the builder.
The team was able to save us a tremendous amount of money and stress throughout the process. Each of the people we dealt with were phenomenal! Such professionals and you can tell they take so much pride in what they do.
In speaking with my realtor as well as others in the real estate business, every person continue to speak highly about their own personal experiences with the Luminate team.
We are now in or forever dream home y'all played such a huge part in the process!
Paul M.
FHA CONSTRUCTION
An FHA construction loan combines your land purchase, building costs, and permanent mortgage into a single, government-backed loan. Qualifying buyers may be able to put as little as 3.5% down.
CONVENTIONAL CONSTURCTION
A conventional construction loan is a non-government-backed mortgage used to build a custom home or finance a major renovation. It is often structured as a "construction-to-permanent" (one-time close) loan, which covers the build phase and then automatically converts into a standard 15- or 30-year mortgage
VA CONSTRUCTION
A VA construction loan is a specialized mortgage guaranteed by the Department of Veterans Affairs that allows eligible Veterans and active-duty service members to finance both the purchase of land and the construction of a new home in a single loan, typically without needing a down payment.
JUMBO CONSTRUCTION
If you’re in the market for a luxury property or an upscale home that exceeds typical financing limits, a jumbo loan is often the best way to secure the home you want.
ONE-TIME CLOSE
A single loan that covers both construction and your permanent mortgage. You’ll close once, lock your rate early, and reduce fees and paperwork.
TWO-TIME CLOSE
Separate loans for construction and your long-term mortgage. This gives you added flexibility, especially if you’re unsure of your permanent financing needs upfront.
Construction financing is available for Manufactured and Modular Homes!
Ready to Take the Next Step?
Reach Out and We'll Review Your Details Together!
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Our team is available to review your specific situation and financing options, whether you already own the land, want to purchase land and use your own builder, or refinance a renovation, and more!
