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Let’s build your dream home together.

We’ll be there with you from beginning to end with the same concierge-level service that you’ve grown to expect from Regent Bank.

Building or Renovating?

We will help you through the entire process. Contact our construction lending specialist to learn more.

Frequently Asked Questions

What is a Construction Loan and how does it work?

A construction loan is a non-revolving, short-term line of credit up to a specified dollar amount that will be used to reimburse the builder for work completed on your home. The builder will send you invoices during stages of construction that you will submit to the bank with your approval to pay. The bank will verify that the work on the home has been completed, and then make a draw on the loan to pay the invoices. After your home is complete, the construction loan will be paid off with permanent financing.

What is the term of a construction loan?

Construction loans are considered short-term financing with a maturity date not to exceed 12 months. After your home is complete, the construction loan will be paid off with permanent financing.

What are your rates?

The construction loan rates are tiered based on credit score. Please contact one of our construction loan specialists for today’s rates.

What will my monthly payments be?

You will make monthly interest-only payments on what you have borrowed.

Can I use the equity in my land as the down payment?

Yes, it is possible, as long as the loan amount requested still has sufficient equity to meet the banks loan-to-value guideline requirements.

Can I purchase the land and finance construction in one loan?

Yes! The first draw on the construction loan will be to purchase the land. Don’t forget to include the price of the land in your construction cost estimate.

Do you offer a one-time close?

We do not offer it at this time.

What documents do I need to get started?

*This is not a comprehensive list. Additional documents could be requested once underwriting begins.

Why choose Regent Bank for a construction loan?

Got Questions?

Reach out to our dedicated and specialized construction mortgage team with any questions. They are ready and able to answer any questions you may have

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Jennifer Graves-Hamm -  photo

Jennifer Graves-Hamm

VP Construction Loan Officer

NMLS#: 1179321, Regent Mortgage NMLS#: 464417

Link to email Jennifer Graves-Hamm[email protected]

Link to call Jennifer Graves-Hamm(539) 476-4238