Construction Loans in North Charleston, SC
Finance the land, the build, and the permanent mortgage in one structure.
A loan for a home that isn’t built yet
A construction loan finances the building of a new home rather than the purchase of an existing one. Because there’s no finished house to appraise on day one, the loan is structured around your plans, your builder’s bids, and the projected value of the completed home, with funds released to the builder in stages called draws.
The cleanest structure for most buyers is a one-time-close construction-to-permanent loan, where the construction financing automatically converts into your permanent mortgage when the home is finished. That avoids a second closing , and a second set of costs , once you move in.
As a broker, we compare construction programs across our wholesale network and match you to one whose draw schedule, builder requirements, and conversion terms fit your project. Veterans building a primary home may qualify for a VA one-time-close program; we’ll tell you if that path fits.
From foundation to closing.
Why buyers choose a construction loan
Land, build, and mortgage
One structure can cover the lot, the construction, and the permanent loan.
One-time close
Construction-to-permanent programs convert to your mortgage without a second closing.
Staged draws
Funds release to your builder as construction milestones are inspected and met.
VA one-time-close
Eligible veterans can build a primary residence with a VA construction-to-permanent loan.
Builder-vetted
Programs require an approved, licensed builder; we tell you what the lender needs.
One application, many lenders
We shop construction programs across our network on a single application.
Made for buyers who’d rather build than settle
Buying a home that just needs repairs instead of building new? That’s a renovation loan.
The overlooked details on construction loans
How many closings you’ll have
A one-time close converts construction to permanent financing automatically; a two-time close means refinancing when the home is done. The one-time close usually saves a second set of costs.
Why your builder gets underwritten too
Lenders review your builder’s license, insurance, and track record before funding. We tell you what documentation the builder needs so the file doesn’t stall.
How money reaches the build
Funds release in stages tied to inspections, foundation, framing, and so on. Knowing the draw schedule keeps you and your builder aligned on cash flow.
A cushion for overruns
Construction loans typically include a contingency for cost surprises. We explain how it’s sized and what happens to anything unused.
What you pay before move-in
Many programs charge interest only on funds drawn during construction. We explain how payments work before the loan converts.
For eligible veterans
A VA one-time-close lets eligible veterans build a primary residence with the program’s benefits. We confirm eligibility and pair it with your VA loan options.
Related loan programs
VA One-Time Close
Build a home with your VA benefit in a single closing.
Learn more →Renovation Loans
Buying a home that needs work instead of building? A renovation loan finances the repairs.
Learn more →Conventional Loans
Once your build converts, a conventional permanent loan is a common landing spot.
Learn more →Talk to a VA loan specialist
Home Loans Inc: Jason Sharon, Mortgage Broker
2557 Ashley Phosphate Rd, North Charleston, SC 29418