Construction Loan Lender in Knoxville

Is a Construction Loan Right for You?

A construction loan is the ideal type of loan to finance the building of a new home. The builder or home buyer uses a construction loan to cover the costs of all of the materials needed to build the home.  The traditional construction process is done in two steps.  The construction part and then the permanent financing stages.  With this model you have to qualify for both loans individually, and have two sets of closing cost.  We’ve turned that model upside down to make the process a lot simpler, faster, and cheaper with our One-Time Close construction.  Thinking of going with a modular or manufactured home?  These loans are loved by many of your favorite builders because it’s less risk for them.  We will work with your home builder to find the perfect drawl schedule.

Construction Loans in Knoxville

John Fleming of Preferred Rate is here to make the construction loan process a whole lot easier, with tools and expertise that will help you get your new build off the ground.

We’ll help you clearly see the differences between loan programs, allowing you to choose the right one for you whether you’re a first-time homebuyer or a seasoned investor in Knoxville.

The Construction Loan Process:

  • Connect with John to gather initial information about you
  • Receive options based on your unique criteria and scenario
  • Compare mortgage interest rates and terms
  • Choose the offer that best fits your needs
Construction Loans in Knoxville

One-Time Close Loans

A one-time close construction loan means you only have to qualify for the loan once. This saves time and money for those building new construction properties.

You’ll need to be prepared with:

  • Approved building plans
  • A survey / plat map of the land
  • Contractor agreement
U

Informed Decisions

}

Save Time

Save Money

U

Informed Decisions

}

Save Time

Save Money

Get Pre-Approved

We proudly help customers in Knox County, Hamblen County, Anderson County, Union County, Sevier County, Blount County and more.

Let us help find the right mortgage for you and your family. We'll discuss all of your loan options, what fits best for your budget and for your future plans.

With John Fleming of People's Home Equity, you're guaranteed to be in good hands during the home buying process.

We look forward to hearing from you!