Applying for a Construction Loan
You have the option of applying for a loan with one of our many lenders or a lender of your choice. Once you have chosen your lender you will need copies of your agreements with Taylor Homes, blueprints, information on the lot, and estimates for developing the lot.
A construction loan is different from a loan on an existing house – we only receive a draw on the phases of your home that have been completed. With 100% financing available, many of our customers have no out of pocket expenses until construction is completed. The money from this loan is deposited into an account. You’ll pay Taylor Homes after the completion of each stage: foundation, under-roof, drywall, cabinetry and final.
Once your Taylor home is 100% complete, your construction loan will move into permanent financing.