Construction & Renovation Loans

Construction loans are are usually for buyers who are custom-building their own home. After construction on the house is complete, the borrower typically either refinances the construction loan into a permanent mortgage or gets a new loan to pay off the construction loan. This is called a two time close and is the most common type of construction loan. At Sync, we also offer the less common ‘One-time close”.

So rather than having to close and pay closing costs twice at the front and back of construction, you can close one time at the beginning and lock in a favorable rate and term before the construction is even
completed. We are also one of the few lenders in the country that offer the one time close product for VA, FHA & USDA loan products which means you can take advantage of a much lower down payment, while building your perfect home.

We also offer renovation loans for our clients. If you’re buying a home that needs repairs, rather than paying for the repairs out of pocket you can use one of our renovation loans to include the cost of renovation in one loan. there are multiple loan options available. We offer renovation products on Conventional, FHA, VA & USDA loan products.