One-Time Construction Financing Option

Learn more about our one-time construction financing option designed to save you time and money.

Fill out the form to the right to download our Construction Special Offer just for Parade of Homes visitors. 

One-Time Close Construction Loans

A one-time close construction loan can be used to close both the construction loan and the permanent financing of your new home to save you time and money. You'll enjoy the convenience of one loan, one application and one closing date.

Lot Loans

A lot loan allows you to purchase land before you start construction. Once you're ready to build, your lot loan can be financed as part of the construction loan. However, if you already own the land, you may be able to use your lot as equity for your construction loan.

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Register for the Parade of Homes Construction Special Offer

How One-Time Close Construction Loans Work

Get pre-approved

Find a knowledgeable construction lender and get pre-approved for your new construction loan. 

Select your lot

Find a lot to accommodate the home you want to build. The dimensions, pitch and location can all factor into the size and type of home you want to build.  

Select your builder

Educate yourself on the builders in your area by attending home builder shows, talking to vendors or requesting a builder's report. 

Submit your contract

Provide your blueprints and the construction contract. The contract should be as detailed as possible and include a spreadsheet itemizing all the costs associated with the construction of your new home. 

Close & lock your rate

Plan to close on your construction loan with your loan officer. If you are choosing to request conversion to a fixed-rate mortgage loan, you will be able to lock your rate up to six months before your construction is complete.  

Get ready to move

Once the construction phase is complete, the loan may be converted into a fixed-rate mortgage with regular monthly principal and interest payments.  

Meet Our Team of Construction Loan Officers

Loren Fellows

Loren Fellows

VP Mortgage Field Manager

NMLS: 454210

Andy Dongarra

Andy Dongarra

AVP Senior Mortgage Loan Officer

NMLS: 1592732

Allen Herbst

Al Herbst

VP Senior Mortgage Loan Officer

NMLS: 1045612

Diane Rue

Diane Rue

VP Senior Mortgage Loan Officer

NMLS: 272170

Jason Bothun

Jason Bothun

VP Senior Mortgage Loan Officer

NMLS: 764475

* Products and services offered by Johnson Bank, Member FDIC, a Johnson Financial Group Company. Loans are subject to credit and property approval, bank underwriting guidelines, and may not be available in all states. Other loan programs and pricing may be available. The term of the loan will vary based upon program chosen. Certain conditions, terms, and restrictions may apply based on the loan program selected. Property insurance is required; if the collateral is determined to be in an area having special flood hazards, flood insurance will be required. Private mortgage insurance required on loans with less than 20% down.

1 The Annual Percentage Rate is 4.85% effective 9.4.2020 for a period of one year. Rates and payments based on 95% Loan to Value. Note is modified during the construction period to call for a monthly payment of interest only on funds advanced. The annual rate cap is 2% with a 6% over initial lifetime cap depending on the program chosen. The annual and lifetime rate caps are subject to change. The interest rate will be based on the daily average of the one year LIBOR (the index) as published in the Wall Street Journal, plus our margin rounded to the nearest one eighth of one percentage point (0.125%). The initial rate may include a premium or discount and may not be based on the current index value. The index and margin are subject to change at any time. Conversion request to fixed rate financing may occur at any time 30 days prior to final draw. The new fixed interest rate will be equal to the Conversion Rate posted on the Johnson Bank Internal Rate Sheet on the date that the rate lock request is received. The applicable interest rate will be determined by the term and rate lock period being requested. A monthly payment on a 360 month fully amortized $510,400 mortgage loan at 4.50% is $5.07 per $1,000 borrowed. Payments include principal and interest. Actual payments/monthly expenses may be greater due to term selected, property taxes and required homeowner’s insurance and, if required, flood insurance. Required closing costs, including property appraisal and title insurance, range from $2,200 to $3,250.

2 The Annual Percentage Rate is 3.95% effective 9.4.2020 for a period of one year. Rates and payments based on 85% Loan to Value. Your loan payment will be locked in at a 1, 2, or 3 year payment schedule as selected, amortized over 20 years. A monthly payment on a $100,000 3 year lot loan with a 240 month amortization at 3.875% is $5.99 per $1,000 borrowed. At the end of the loan term, the principal balance remaining unpaid will be due in full, plus any unpaid charges due but not collected during the term of the loan. The loan may be eligible for renewal based on current credit approval, underwriting guidelines and subject to property approval. Actual payments/monthly expenses may be greater due to term selected, property taxes and required homeowner’s insurance. If applicable, flood insurance may be required. Required closing costs, including property appraisal and title insurance, range from $1,150 to $1,575.