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    The Legacy Group's construction lending department has one goal; to help you build your dream home or investment property.

The Legacy Group Construction Lending

Take advantage of our in-house construction lending resources including a veteran contractor and project manager to give you much more than ‘just’ a loan. We will review the entire building project, making sure you have all the necessary pieces to ensure a successful project as well as a reputable contractor and sub-contractors working for you.

Our construction loans are a two step loan process.  That includes the construction loan for the duration of the build, which will be based on the length, scope and specifications of the construction project.  After the construction period is over and the certificate of occupancy is issued, we will then refinance you out, into a pre-approved long term loan to best suit your financial plans.  Since you are pre-approved for both loans before the ground is broken, you can rest comfortably knowing that once the build is over, your construction loan can be paid off with the appropriate long term loan and you can move on to enjoying your new home.

What We Do For:

The Builder

For approval we research past projects and feedback from prior clients.

We verify that contractors are Licensed and Insured.

We confirm that your contractor has supplier & sub contractor relationships.

The Project

Review Plans and Specifications.

Review Construction Budget.

We strongly recommend and sometimes require a contingency for cost over runs.

Construction Process

Unlike most lenders, Legacy controls the process; i.e. draw request is received and we order the inspection, ensuring work is progressing before payments are made.

Construction Resources

  1. Step One - Preliminary Review Form
  2. Step Two - Project Submission Forms