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

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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.

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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.

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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.

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