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Construction Loans

Construction Loans
Contrary to popular belief, Building your dream home is possible with all 4 loan types; Conventional, FHA, USDA, & VA! There is a level of risk in New Construction that many lenders are shying away from in the wake of the housing market collapse. HOWEVER, we proudly offer the full suite of Construction-to-Permanent loan products!

How Construction Loans Work

  • Get Pre-Approved
  • Sign a Contract to Build
  • Sign a Contract to Purchase Land
  • Complete pre-construction meeting with your builder
  • We will order the appraisal and title work
  • Underwriting will issue a conditional approval
  • Underwriting will issue “Project Approval”
  • Close your Loan
  • Your Builder Completes your Home
  • Construction loan is converted to a permanent loan and you move in!

Check out our Construction Loans Web Page(s): VA Construction web page

You can also fill out our application by simply clicking “Apply Now” on any page!

Conventional Construction Loan

Conventional construction loans wrap the construction loan and the mortgage on the completed project into a single loan. After your construction is complete your new permanent mortgage is like any other mortgage.

FHA Construction Loan

For people that are struggling to qualify for a conventional construction loan the FHA offers financing that becomes a long-term, permanent mortgage with easier credit requirements.

VA Construction Loan

VETERANS, building your dream home is a possibility with a VA construction loan. This no-down payment program allows qualified borrowers to use their VA entitlement to obtain a mortgage for new construction.

USDA Construction Loan

The USDA construction loan is one of the few home loan programs that provide you with 100% financing and does not require any kind of down payment.

About Us

CHM Lending is a local mortgage broker founded in 1992 and located in Medina, Ohio. Our company offers a full range of mortgage loan products including Conventional, FHA, VA, USDA, Construction, and Renovation loans. Our team has a combined over 45 years of experience in the mortgage industry and was voted Best of The Best in Medina County in 2017 & 2018. We use a common sense approach with all of our clients and we work with many different lenders to be able to offer the most competitive rates and costs coupled with amazing customer service.

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CHM Lending

5 days 20 hours ago

We love working with Shawn Belle - Realtor - Keller Williams. Great realtor! Always on top of things! 🙂


CHM Lending ™ A Division of: Consolidated Funding Corp.
2211 Medina Rd Medina, OH 44256
NMLS #243256
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Licensed in the following states:
Ohio License #MB.800906.000
Pennsylvania License #55198
Florida License #MBR3362
Colorado, Kentucky, Tennessee, Texas, and Georgia