Construction & renovation mortgage loans
Thinking about buying a newly constructed home that’s almost complete, building a new home or renovating your current one? We offer mortgage solutions for each of these home financing needs—as well as an experienced professional to guide you through the process.
Apply online, through a branch or call us at 877-536-3286.
Financing to help you create your dream home
One-time closing
Primary residences & second homes
Loans up to $2 million
Calculate your monthly mortgage payment
Make house shopping easier by understanding how much home you can afford. Use our calculator to estimate your monthly mortgage payment and make the best decisions for your situation.
Key construction loan benefits
- One-time close without second set of closing costs
- Loan amounts up to $2 million
- 90% loan-to-value available on loan amounts up to $1 million
- Option of purchase or limited cash-out refinance
- Available for primary residences and second homes
- No prepayment penalty
- Interest paid on funds as they’re drawn during construction
- Interest rate is locked before construction begins
- Build on your lot and finance the cost of construction
Learn more about mortgage options when you prequalify online.
Key renovation loan benefits
- One-time close without second set of closing costs
- Loan amounts up to $2 million
- 90% loan-to-value available on loan amounts up to $1 million
- Option of purchase or limited cash-out refinance
- Available for primary residences and second homes
- No prepayment penalty
Learn more about mortgage options when you prequalify online.
Get the right mortgage - plus experience and service to guide you
We commit to proactive communications to help ensure you know exactly where you are in the loan process. Have questions? Find a Mortgage Loan Officer.
Regions BuilderLock offers extended rate locks
For borrowers working with a builder on a new construction purchase, we offer financing with extended rate locks specifically designed for newly constructed homes or a home that’s nearing completion. Special features include:
- Option to lock the rate up to 360 days.
- Float-down option that offers the possibility of a lower rate if the loan meets certain requirements and rates decrease before closing.
- No prepayment penalty.
- Possibility that all or a portion of the up-front rate lock fee may be credited back at closing if closing occurs within the applicable lock period.
- Option of fixed or adjustable-rate loans.
Loans on primary and secondary residences can be eligible for BuilderLock®. Certain VA, FHA, conventional, and portfolio purchase loans are eligible.
