Secure your dream home with a Redstone Bank tailored construction loan

Benefit from flexible terms, progress-based financing, and expert guidance throughout the building process. Start building today with confidence!

Experience seamless home construction with Redstone Bank’s specialized loans. Enjoy flexible funds disbursement as your project advances, competitive rates, and a dedicated team to support your vision from groundbreaking to completion. Build your future confidently with a bank that understands your unique needs.


We’re here to help you build your dream home

Types of Construction Loans

Contact us to get started

Traditional Construction

A traditional home construction loan provides financing for building a new house. Funds are disbursed as construction progresses, converting to a mortgage after completion.

Construction to Permanent

A construction-to-permanent loan combines building and mortgage financing into one. Start with construction funds, then seamlessly transition to a fixed-rate mortgage upon project completion.

Bridge Loan

A bridge loan is a short-term financing option that helps bridge the gap between the purchase or construction of a new home and the sale of the current one, aiding in smooth transitions.

Land Loan

A land loan, also sometimes referred to as a lot loan, is used to purchase a plot of land. Redstone Bank is here to help you throughout the process and help you find the perfect lot for your perfect home.

Advantages of working with Redstone Bank

Fast, easy pre-qualifications

Your requests are typically reviewed and approved quickly so you can begin your building project on time.

Responsive local decisions

Because we’re family-owned with local decision-makers, we provide prompt and timely communication to keep things moving along.

Loans customized for you

Your project and your needs are unique and understand that. We’ll listen to your needs and plans, then tailor a loan to you.

2 Men looking at blueprints in new home that is still under construction.

Contact a Redstone Bank lender today

Our team of local experts are here to help you find the right construction loan to fit your needs, budget, and project.

Frequently Asked Questions

What happens when my home construction is completed?

Once your home construction is complete, a mortgage loan is obtained, or the bank has a “one-time close” construction to permanent mortgage loan.

How is the money for construction accessed?

The money is funded through a monthly draw process completed by the builder and approved by the bank.

Do I need an appraisal for a construction loan?

In obtaining a construction loan, an appraisal is necessary to evaluate the property’s current and future value, helping lenders assess risk, determine the Loan-to-Value ratio, and make informed decisions about the loan amount about the construction project.

Related Resources

All resources
Learn more about the Federal Home Loan Bank homeownership grant Home Loans

Federal Home Loan Bank Homeownership Grant

The Federal Home Loan Bank (FHLB) homeownership grant provides financial assistance to homebuyers. The application opens on M…

Read more
Man sitting on his couch on his cell phone with his laptop in his lap, looking stressed. Education

Trigger Leads: What you need to know and how to opt-out.

If you have purchased or are buying a home, you may have heard about unsolicited credit offerings, also known as “trigger lea…

Read more
Navigating the Home Buying Journey as Interest Rates Rise Home Loans

Navigating the Home Buying Journey as Interest Rates Rise

Learn more about the implications of rising interest rates and insights to help you make informed decisions while purchasing …

Read more
Mastering Down Payment Strategies Home Loans

Mastering Down Payment Strategies

Learn more about down payment strategies specifically designed for first-time home buyers, empowering you to make informed de…

Read more
A house under construction with a roof but no walls, windows, or doors. Home Loans

A Guide to Construction Loans

Learn more about the basics of construction loans, understand how they work, the types available, and the steps involved in s…

Read more
young couple reading building plans in front of their partially constructed home Education

Financial Steps to Building a House

Here are some of the steps to consider when building a house and how Redstone Bank is here to help you navigate this investme…

Read more
A young couple holding the keys to their first home. Home Loans

Essential Tips for First-Time Home Buyers

In this article, we will share some valuable tips to help first-time home buyers make informed decisions and turn their dream…

Read more
Two people filling out mortgage paperwork with a model house in the background. Home Loans

Determining How Much of a Mortgage You Can Afford

Learn more about evaluating your finances to determine an appropriate home loan amount that aligns with your budget and long-…

Read more
Young couple sits on the steps of their home with their son in their lap. Home Loans

Harnessing Home Equity and HELOC Wisely

Let’s explore the importance of being a good financial steward of your home equity and Home Equity Line of Credit (HELOC)….

Read more

Home Equity Line of Credit

Use your home’s equity to help you tackle an improvement project or finance a major purchase. Leverage the equity you’ve built in your home to help accomplish home improvement projects, pay for education expenses, or use it towards other large purchases.

Learn more

Buying a Home

Buying a home with Redstone Bank offers you competitive interest rates, personalized service, and a wide range of financial services, simplifying the borrowing process for you as much as possible.

Learn more

Thank you for visiting Redstone Bank

The link you have selected is located on another server. Please click the "Go to URL" button to leave this website and proceed to the selected site.

Redstone Bank does not endorse this website, its sponsors, or any of the policies, activities, products, or services offered on this site or by any advertiser on the site.

Go to URL