New Construction Loans
Ready to Build Your Dream House? Let's Talk About Financing!
New Construction Home Loans
We provide construction loans for custom homes all over South Texas. We currently are helping families with construction loans in Hidalgo, Starr, Cameron, Zapata, Webb, and Nueces Counties and all surrounding areas. No matter where you are, we can provide you with a Texas Construction Loan. Our process is free of red tape and we pride ourselves on providing competitive rates and exceptional service. We can typically have you making draws for construction in about 30 days, while most banks take 60 days or more to get the ball rolling.
We Keep It Simple!
ONE LOAN ORIGINATOR
ONE BORROWER
ONE BUILDER
ONE TEAM
Building a custom home means many wonder-filled possibilities for your family’s future. Securing an interim and permanent construction loan with LeaderOne Financial gives you the peace of mind you desire and allows you to focus on the more important aspects of building your DREAM HOME!
The Basics
Construction loans differ from existing property loans in that they are short-term, only allowing for the builder to draw from it in phases. (The buyer never has access to these funds during the building process.) Once the build is completed, the loan will convert to a “permanent” or standard mortgage loan.
Typically, your payments during the construction period are interest-only. Down payments may be higher than standard mortgage loans, but you may be able to use equity in your current home to meet that number. Guidelines for these types of loans can vary by program or personal situation. We have options for you!
As always, reach out with any questions you may have!
Rene Rodriguez
Branch Manager
About Us
Founded in 1992, LeaderOne Financial Corporation is a mortgage banking firm that funds over $1.7 Billion annually in residential real estate purchase and refinance mortgage transactions.
With corporate operations centralized in the Midwest, LeaderOne Financial Corporation is represented by hundreds of lending professionals with local branch offices throughout the nation.
Read More About Rene Rodriguez and LeaderOne Financial Corporation
CONSUMERS WISHING TO FILE A COMPLAINT AGAINST A MORTGAGE BANKER OR A LICENSED MORTGAGE BANKER RESIDENTIAL MORTGAGE LOAN ORIGINATOR SHOULD COMPLETE AND SEND A COMPLAINT FORM TO THE TEXAS DEPARTMENT OF SAVINGS AND MORTGAGE LENDING, 2601 NORTH LAMAR, SUITE 201, AUSTIN, TEXAS 78705. COMPLAINT FORMS AND INSTRUCTIONS MAY BE OBTAINED FROM THE DEPARTMENT’S WEBSITE ATWWW.SML.TEXAS.GOV. A TOLL-FREE CONSUMER HOTLINE IS AVAILABLE AT 1-877-276-5550. THE DEPARTMENT MAINTAINS A RECOVERY FUND TO MAKE PAYMENTS OF CERTAIN ACTUAL OUT OF POCKET DAMAGES SUSTAINED BY BORROWERS CAUSED BY ACTS OF LICENSED MORTGAGE BANKER RESIDENTIAL MORTGAGE LOAN ORIGINATORS. A WRITTEN APPLICATION FOR REIMBURSEMENT FROM THE RECOVERY FUND MUST BE FILED WITH AND INVESTIGATED BY THE DEPARTMENT PRIOR TO THE PAYMENT OF A CLAIM. FOR MORE INFORMATION ABOUT THE RECOVERY FUND, PLEASE CONSULT THE DEPARTMENT’S WEB SITE AT WWW.SML.TEXAS.GOV.