A construction loan is short-term financing used to fund the building of a custom home. Unlike a traditional mortgage, it covers only the costs of construction—such as materials, labor, and permits—while the home is being built. Once construction is complete, the loan is typically converted into a permanent mortgage to finance the finished home. At bankcda, we offer local expertise and flexible solutions to help bring your dream home to life.

HOW DO CONSTRUCTION LOANS WORK?

At bankcda, our construction loans are designed to finance every phase of your custom home build—from the ground up. These short-term loans cover key expenses like labor, materials, and permits. Rather than receiving the full amount up front, funds are distributed in stages—called “draws”—based on the progress of construction. Each draw is approved as milestones are completed, helping keep your project on time and on budget. With local decision-making and personalized service, bankcda is here to guide you every step of the way.

A land loan—sometimes called a lot loan—is financing used to purchase a parcel of land. Whether you’re planning to build your dream home or found your dream land but not quite ready to build, a land loan from bankcda gives you the flexibility to secure the perfect piece of property now, with local lending experts to guide you every step of the way.

Ready to get started? Apply for a construction or land loan with bankcda and let our local lending experts help you build from the ground up.

Explore our Frequently Asked Questions to learn more about bankcda’s Construction/Land Loans options, application process, and how we can help you.