1515 Ashment Ave 1,

Idaho Falls, ID 83404

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?

If you’re in Rigby, Shelley, Rexburg, or Blackfoot and you’re considering embarking on a construction project, financing is likely at the forefront of your concerns. Our Idaho Falls Office is here to guide you through the intricacies of construction loans, ensuring that you have a comprehensive understanding of how this financial tool can help you realize your construction dreams.
Construction loans are a specialized form of financing designed to fund the construction of a new home or significant renovations to an existing one. Here, in our Idaho Falls Office, we are committed to demystifying the process and providing valuable insights to individuals seeking financial support for their construction projects. Navigating construction loans in Rigby, Shelley, Rexburg, and Blackfoot doesn’t have to be daunting. Our Idaho Falls Office is here to provide the expertise and support you need to turn your construction dreams into reality. If you have more questions or require personalized assistance, feel free to reach out to us – we’re here to help you every step of the way.
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 are short-term loans that cover the cost of building your project, typically ranging from one to twelve months. They bridge the gap between your project’s construction phase and securing a permanent mortgage.

  • During the construction phase, you’ll typically make interest-only payments. This eases your financial burden until your project is completed and you transition to a permanent mortgage.

  • Funds are released in installments, often tied to specific construction milestones. This ensures that the project progresses according to plan and helps control costs.
  • Lenders evaluate your creditworthiness, income, and the project’s feasibility. A down payment, usually a percentage of the total project cost, is required.

  • Once your project is complete, you’ll need to secure a permanent mortgage, which pays off the construction loan. Our Idaho Falls Office can assist in transitioning seamlessly to this phase.

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

The amount you can borrow depends on various factors, including your creditworthiness, income, and the project’s cost. Our Idaho Falls Office will help you determine a suitable loan amount.

Interest rates for construction loans can vary but are generally higher than traditional mortgages due to their short-term nature. Our Idaho Falls Office can help you explore available options and secure a competitive rate.

Yes, most lenders require you to work with a licensed builder. This helps ensure the project is completed successfully and according to plans.

Yes, your land can often be used as collateral to secure a construction loan. Our Idaho Falls Office can provide guidance on this and other collateral options.

If your construction project faces delays, your lender may need to extend the loan’s term or reevaluate the terms. Our Idaho Falls Office can help you navigate these situations.

“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.