576 N. Telshor Blvd.,

Las Cruces, NM 88011

Build your perfect home with Mann Mortgage’s customized Construction Loans!

Construction loans make building Your Dream Home surprisingly easy and affordable.

What are construction home loans?

Our Las Cruces Office is dedicated to offering a professional guide on construction loans, tailored to Fairacres, La Mesa, and Radium Springs residents. Whether you’re contemplating constructing a new home or embarking on substantial renovations, comprehending construction loans is paramount for informed financial decision-making. Construction loans serve as a specialized financial tool designed to facilitate construction and renovation projects. They provide the necessary capital to cover labor, materials, and other construction-related expenses during the project’s various stages. Understanding the fundamental principles of these loans is essential to navigate the complexities of financing your construction endeavor effectively.
There are several key elements to consider when delving into construction loans. Firstly, comprehending how they function is vital. Construction loans are typically disbursed in installments throughout construction, ensuring that funds are available to cover ongoing expenses. Once the construction is complete, the loan may transition into a permanent mortgage or be repaid in full. Qualifying for a construction loan necessitates a strong credit history, a well-defined construction plan, and the cooperation of a lender specializing in construction financing. Our Las Cruces Office is dedicated to guiding and supporting you throughout this process, ensuring that you have the necessary knowledge and resources to make sound financial decisions regarding your construction project. Furthermore, it’s crucial to be aware of the different types of construction loans available. These include construction-to-permanent loans, which are well-suited for new construction projects, and standalone construction loans, which are typically employed for extensive renovations.
Man and woman looking at building plans with two children happily running around.

Not sure where to get started? That's okay too, we're happy to meet you where you're at and direct you to the right place or person.

The MannMade construction loan process.

  • Construction loans, available through our Las Cruces Office, are a specialized financial tool for funding construction and renovation projects.
  • These loans provide funds in stages to cover labor and material costs during construction, with the option to transition to a permanent mortgage upon project completion.

  • Different types of construction loans, such as construction-to-permanent and standalone construction loans, cater to various project needs.

  • Interest rates on construction loans may differ from traditional mortgages due to their short-term nature and inherent risks.

  • Qualifying for a construction loan requires a strong credit history, a well-defined construction plan, and the guidance of a specialized lender, all of which our Las Cruces Office can assist with.

Applying for a home has

never been easier

Our quick and secure process takes less than 10 minutes to apply.

Learn more about

construction loans

Construction loans are temporary loans designed for construction or renovation projects, while traditional mortgages are long-term loans for property purchases.

The choice depends on your specific project. Construction-to-permanent loans are ideal for new builds, while standalone construction loans are suitable for renovations.

Interest rates vary, but they are generally higher than mortgage rates. Your credit score and lender policies can impact the rate you receive.

Construction loans are typically intended for professional construction or renovation projects, not DIY endeavors.

Preparation involves having a detailed construction plan, a comprehensive budget, and all necessary financial documentation. Our Las Cruces Office can assist you in preparing a strong application.

“I was always in the loop on my loan process. I loved the one-time close construction loan. It saved me thousands to be able to lock in the interest rate.”

Josue Gabriel Lopez

Let's get you home.

Borrow up to 97% of a home’s value with as little as 5% down. Our local loan experts will help guide you.

If you have a loan officer you are working with, please select them from the list below.