A couple looking at their new home being built

Construction Loans

Building a Home

Let us guide you from start to finish and get you on the road to building your dream home today!
 
If you have decided to build a new home and need help with financing and navigating the building process, we can assist you with options and convenient construction financing.  We offer one year construction loans which can then be converted to permanent financing at the end of the construction process.
 
We also offer construction-to-permanent financing which means there is no need to refinance at the end of the construction process.  This type of loan will automatically convert to permanent financing  at the completion of the building process.  We will work with you to determine which of these options is the most appropriate for your situation.
 
Benefits of financing with GNB
  • Experienced construction loan lenders
  • Quick approval and closing process
  • Fixed and variable rate options
  • Flexible draw schedule
  • We will work with your builder
Construction loans require a good amount of information and paperwork. To make it easy for you use the below checklist to know everything you'll need.
 
Construction Loan Checklist Items
All Applicants
Provide the following documents to the bank 
Additional items may be required
  • 3 yrs. Federal Tax Returns
  • 3 yrs. W-2 forms
  • 1 month of paycheck stubs
  • Assets - 2 months bank statements
  • Proof of deposit paid to builder
  • Builders Risk Insurance Policy
Construction loan items (builder/general contractor)
Provide the following documents to the bank
Additional items may be required
  • Executed construction contract
  • Plans and specs
  • Cost breakdown
  • Builder's risk insurance including workers' compensation
  • Builder's profile package
If Self- Employed
Provide the following documents to the bank
  • 3 yrs. Federal Business Tax Returns
For more information, please contact one of our Mortgage Lenders.

More services for you: