Now that your loan has closed, construction of your new log home can begin. Upon completion of each phase of construction, you or your builder will request disbursements or “draws” as outlined in your disbursement schedule.

Please keep in mind:
• A building permit must be received prior to construction beginning
• An inspection must be completed prior to each disbursement for completed work to the builder
• When required by state law, a title bring down must be done prior to each non-deposit draw being disbursed
• If applicable, a lien waiver from your builder may also be required
• During construction you will make monthly, interest-only payments based on the amount of money disbursed to that point. Your monthly interest-only payment will increase from month to month as draws are paid

Log Home Financing Steps:

Learning Center

Get Pre-Qualified

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Apply for a Mortgage

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Mortgage Approval

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Create Disbursement Schedule

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Mortgage Closing/Settlement

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 Home Construction

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Modifying to a Permanent Mortgage