Construction Loans

Building a home can be stressful. How do you get started? What are the steps in the process? When can I lock in my mortgage interest rate?

When you choose West Gate Bank ® for your home construction financing, our team of experienced lenders will help you through every step in the construction project, helping to protect you and your investment.

Our Residential Construction team provides:

Project Management - We pride ourselves on meticulous and thorough management of your project from start to finish. By having a dedicated Construction Loan Department, your project is in good hands as we monitor the monthly construction draws, conduct on-site inspections, track lien waivers, and reconcile your project budget against the actual spend. If something doesn't look right, we will let you know.
Quick and easy approval process - Once you decide to build your dream home we know you'll want to get started right away! We strive to make the approval process quick and easy so that your build can start as soon as possible.
Responsive service - We're local so you can call, email, or stop by our office any time. We've helped thousands of people make their dreams a reality. We are ready to help answer all of your questions.
Quick turnaround on monthly draws - We will begin to process your construction draw immediately upon receiving it. Your build involves a lot of subcontractors and our goal is to get them paid as quickly as possible to keep your project moving.
Customized lending solutions - Sometimes your financial situation might be as unique as the home you are planning to build. This is where working with a local bank is crucial. We are not a "one-size-fits-all" bank, and can tailor your loan to your specific needs or financial situation.

Construction Road Map

What information will West Gate Bank® need from me?

A copy of your plans, including specifications
The location and legal description of your property
A copy of the contract with your builder
A copy of your most recent pay stub
Copies of your tax returns from the past two years
Completed loan application

Extended Rate Lock

Our Construction HELP+ program can provide peace of mind by giving you greater control of your mortgage rate while you build your new home. Work with a lender to lock your interest rate early.

Features

Applies to 15, 20 and 30-year mortgages
Rate lock available for 3-9 months
Available for Conventional Conforming Loans
Relock your rate if interest rates improve*
Avoid rate hikes that can impact your budget

Program requirements and restrictions may apply and are subject to change without notice. See lender for details.

*Relock period may only be utilized in the 60 day period prior to closing.

Testimonial

Working with the team at West Gate Bank^® has saved our business time and money. West Gate goes above and beyond to make life easier and always delivers on their word. Relationships are important to these guys and we certainly appreciate all they do for us.

— Sean Smetter, Smetter Custom Homes

Residential Construction Loan Officers

Our Residential Construction Lenders will manage the financial aspect of your home construction project while your blueprints come to life. With a strong working knowledge of the industry and process, they're equipped to assist you through each phase of the project.