With over 30 years of diverse real estate experience, including a mortgage broker with a professional engineering background, CMI is uniquely positioned to work with borrowers considering new construction loans.
Our construction loan specialists are proficient in financing custom homes, infill (IL-COMM-Infill) building projects, and major land development or construction projects (IL-COMM-Construction).
From reconstruction to teardown and rebuilds, the CMI team has the expertise and capacity to provide you the right construction loan product at terms you can manage.
Before deciding on a brand new home, it is wise to learn about the special terms and considerations in construction mortgages, also known as self-build mortgages. CMI certified mortgage brokers can help you decide which option best suits your particular situation. Construction mortgages are generally of two types:
With your financing secured you can start to look for new home developments or plan your rebuild. We invite you to refer to our network of preferred partners for links to builders and real estate agents.
As you begin your new home project and search for a construction loan, keep these tips in mind.
Our consultants on construction mortgages offer you objective, professional advice to get your building project started right. We can provide residential and commercial construction loans as well as remodeling loans that finance up to 95% of construction costs with interest rates as competitive as traditional mortgages. Contact us today for a free consultation.