Building a new home?
As your Trusted Advisor, we're here to help.
Ready to build the home you’ve always wanted? Turn to Home Savings for a low down payment, competitive rates and exemplary service from seasoned loan professionals.
One-time close construction loan:
– Customized financing to fit your lifestyle
– Personalized financial review with credit report analysis
– Free pre-qualification
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We focus on construction. We have experience helping clients build, afford and enjoy the home of their dreams.
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Fast approvals. With proper documentation and credit, we can approve your loan quickly.
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Easy, flexible qualifying. You can break ground with as little as 5% little down.
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Your land could be your down payment.
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Interest-only payments during construction. Deferred interest during construction option also available.
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Your construction loan and your permanent mortgage in one closing, with up to one year to complete construction.
Let us help you stay financially fit for life. Talk with a Trusted Advisor.
Split loans:
Split Loans with no Private Mortgage Insurance (PMI) with as little as 11% down!
Combining a 1st and 2nd mortgage can be a great option for buyers that:
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Don’t want to pay monthly PMI
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Will have 20% down payment once they sell their existing home
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Want to accelerate payments to pay down mortgage loan & reduce their overall monthly payment
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Want to keep more of their savings in the bank to complete home projects or save for the unexpected
Lot loans:
Building your dream home starts with finding the perfect location. With so many considerations to make in preparing to build, let us take care of the lot financing.
Not quite ready to build?
We can help with a lot loan first, and the construction mortgage later when you’ve settled on a floor plan.
Already found your lot?
Let our One-Time Construction Loan work to close on both the lot purchase and start your construction loan at the same time.
We make your mortgage more affordable:
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Low down payment programs
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Competitive fixed & adjustable interest rates with low closing costs
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No pre-payment penalty
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Programs with no private mortgage insurance (PMI)
Affordable mortgage options:
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All Conventional, FHA, USDA, and VA
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First-Time Home Buyer Loans
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Purchase with Renovation Loan
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True Portfolio Loans: Make sense but outside normal underwriting
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Physician Loans: Up to 100% financing and no down payment required*
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Plus, we offer extended rate-locks with no upfront fees
*100% financing is on purchase of the property and does not include closing costs, is based on approved value and not to exceed purchase price.
Free pre-qualification:
We’re available to meet with you any time to make sure your current mortgage is still the best option for you. Knowing how much home you can afford is a benefit to you when you’re house-hunting. You’ll be able to focus on shopping within your budget and will save time when you’re ready to make an offer. Plus, having a pre-qualification provides you with a negotiating tool.
Get pre-qualified today!
Apply now for a better mortgage experience through Encompass:
Our online application process is conveniently designed to allow you to stop any time and pick up where you left off. After you submit an application, you can check loan status at your convenience.
Just click the apply button to get started!