Building a Home
Understanding how to build a home starts with the correct financing. First Horizon Bank offers construction loan options to meet your financial needs. We provide flexible terms and competitive rates, with expert loan specialists taking you through each step, ensuring you have the financial support needed to build your dream home.
Your First Horizon loan originator will work closely with you to help simplify the construction financing of your new home.
First Horizon Bank Offers:
- Mortgage options with flexible terms and payment features
- Up to 80% financing available
- A single closing, saving you both time and money
- Interest-only payments during the construction period
- Timely payments to builders
Home Construction Loan FAQs
What types of home construction loans does First Horizon offer?
What is a construction-to-permanent loan?
A construction-to-permanent loan is a single-close loan that covers the cost of construction and then converts to a permanent mortgage once the home is completed, eliminating the need for multiple loans and additional closing costs.
How do I qualify for a home construction loan?
Qualification for a home construction loan is based on several factors, including credit score, income, debt-to-income ratio, and the specifics of your construction project. First Horizon's loan specialists can guide you through the requirements.
What documents are required to apply for a construction loan?
Typically, you will need to provide proof of income, a detailed construction plan, cost estimates, credit history, and other financial information. A First Horizon loan specialist will provide a complete list of required documents.
