More programs. More lenders. More ways to save.
Preferred lending program
Through our Preferred Lending Program, we’ve selected top lenders who offer exclusive financing options—now featuring rates as low as 4.875% (5.085% APR)*. This program is designed to make building your new home more accessible and affordable, with the convenience of one-time close construction loans and competitive terms.
Approved lenders
We don’t work with all lenders, only those we’ve determined to be the best. Our approved lenders offer great customer service and competitive terms and fees. We’ve also listed the most experienced loan agents for you to contact, ones who have a proven understanding of construction lending and have assisted many happy Coval homeowners over the years.
At Coval Homes, we’re committed to guiding you through every step of the financing process. We take pride in partnering with skilled trade professionals and sourcing premium building materials, ensuring we construct a home you’ll love for years to come. With our efficient and straightforward approach, we’ve successfully assisted countless individuals and families in obtaining construction loans through our network of trusted lenders.
Coval Homes offers financing solutions specifically designed to help families and individuals achieve their dreams of homeownership without breaking the budget.
At Coval Homes, we’re committed to guiding you through every step of the financing process. We take pride in partnering with skilled trade professionals and sourcing premium building materials, ensuring we construct a home you’ll love for years to come. With our efficient and straightforward approach, we’ve successfully assisted countless individuals and families in obtaining construction loans through our network of trusted lenders.
Coval Homes offers financing solutions specifically designed to help families and individuals achieve their dreams of homeownership without breaking the budget.
At Coval Homes, we’re committed to guiding you through every step of the financing process. We take pride in partnering with skilled trade professionals and sourcing premium building materials, ensuring we construct a home you’ll love for years to come. With our efficient and straightforward approach, we’ve successfully assisted countless individuals and families in obtaining construction loans through our network of trusted lenders.
Coval Homes offers financing solutions specifically designed to help families and individuals achieve their dreams of homeownership without breaking the budget.
Ready to take the next step?
Contact us to get in touch with our preferred lenders, or to receive our list of approved lenders.
*You are free to finance your home purchase transaction with any of our “Approved Lenders” you want, but the Promotional Interest Rate(s) and APR(s) shown are applicable if you finance your home purchase through one of our “Preferred Lenders”. The advertised loan is a 30-year fixed-rate One-Time Close Construction Loan that converts to long-term financing upon completion of construction, featuring a Temporary 3-2-1 Rate Buydown on a 30-year fixed Conventional loan. During the construction period, the interest rate is 7.990% with an average APR of 10.699%. and an estimated interest only payment which may average $1,831.04 over the course of construction.Upon completion of construction, the interest rate will be converted to the Temporary 3-2-1 Rate Buydown 30-year fixed conventional loan with a fully amortizing term. For the long-term financing, featuring the Temporary 3-2-1 Rate Buydown, it provides an interest rate 3% below your locked rate in year 1 at 4.875%, 2% below your locked rate in year 2 at 5.875%, 1% below your locked rate in year 3 at 6.875% and in years 4-30 (the remainder of the loan), the interest rate will be fixed at 7.875%. The interest rate quoted assumes a 90% loan-to-value (TV), a conventional loan amount of $550,000 and a minimum FICO score of 740 on a primary residence. On a $550,000 loan, the APR would be 7.917% with a monthly principal and interest payment of $2,910.65 in year 1, a monthly principal and interest payment of $3,253.46 in year 2, a monthly principal and interest payment of $3,613.11 in year 3, and a monthly principal and interest payment of $3,987.88 for years 4-30. These offers are available for a limited time only, on select homes, in selected areas and buyer is to utilize seller Buydown Interest Rate Special Incentive with the use of the Seller “Preferred Lender”. This promotion cannot be combined with any other offers, promotions, or incentives. Limited time offer and rates subject to change without notice. All loans subject to credit approval and eligibility requirements. Other restrictions may apply; please ask your Mortgage Loan Originator for more details.
