Building
Construction & New Build Financing in North Carolina
Construction-to-permanent and related build financing when you are creating a home — land, builder, draws, and the permanent mortgage planned together. Construction is not the same as buying a listed home; payment structure during the build and conversion timing must be clear before you sign a builder contract.
Short answer
Construction and construction-to-permanent loans finance a home you are building rather than buying as a finished listing. Draws, inspections, builder contracts, and the permanent mortgage must be planned together for Concord, Cabarrus County, Charlotte/Mecklenburg, Union County, and other North Carolina build sites.
Program facts reviewed 2026-10-14. Limits and rules change — we confirm current figures for your property before you rely on them.
Who it's for
- Buyers with a builder or custom home plan on owned or purchased land
- Veterans exploring VA construction-to-permanent when eligible
- Owners rebuilding or major renovation scenarios when products allow
Eligibility basics
- Signed builder contract, plans, and budget are usually required before final approval
- Draw schedules and inspections control how funds are released during the build
- VA, FHA, and conventional construction paths exist when property and borrower fit
- Payment during construction often differs from the permanent payment after conversion
What to know
- Construction-to-permanent structures where available
- Builder and draw schedules explained before closing
- VA, FHA, and conventional construction paths when they fit
- Payment picture during the build and after completion
Steps
Builder and budget review
Plans, contract, timeline, and contingency before loan structure.
Draw schedule
Inspections and disbursements explained — what you pay during build vs at conversion.
Permanent mortgage conversion
End loan terms set upfront where construction-to-permanent applies.
In Concord, Charlotte & North Carolina
Union County, Cabarrus, and Mecklenburg new construction — including Indian Trail and Harrisburg growth corridors — often need construction-to-permanent planning early in the builder conversation.
Mortgage Dream Team serves Concord, Cabarrus County, Charlotte/Mecklenburg, and North Carolina. We start with whether this program fits your file. Call 980-294-1227 or continue to see what you qualify for.
Related programs
FAQ
Is construction financing the same as a purchase loan?
No. Construction loans involve draws, inspections, and often a conversion to a permanent mortgage. We walk the full timeline before you sign a builder contract.
Do you need a signed builder contract first?
Usually yes — we review builder credentials, budget, and timeline as part of approval.
See if Construction fits your file
Twenty minutes. Clear options. No commitment required.