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Financing Your New Construction Project — Approved Lender Partners

We don’t work with all lenders, only those we’ve determined to be the best.  Our criteria include their reputation of customer service, competitive terms, and fees, as well as an expert specific to construction lending. We’ve also listed the most experienced loan agents for you to contact, ones that enjoy working with us, and who will help simplify the process!

  • Conventional
  • 10/1 ARM 30-year loan with rate fixed for 10 years.
  • Interest only during construction phase
  • Up to 90% LTV
  • Credit scores down to 700
  • One-time close & build times 12-18mos.
  • Draw schedule for 30, 30, 30, 10
  • Umpqua fee 1% plus all 3rd party cost
  • If land is already purchased may
    not need further down payment
  • Current septic design approval
    required prior to closing


Terry Pemberton – 360-280-4208

Carl Glenn Paulino – 360-509-9151

Messial Cruz – 360-731-1265

  • Close up-front on permanent financing – All in one loan which keeps
    costs to a minimum
  • Competitive interest rates –Automatically gives you the best deal if
    rates go down before closing
  • Rates available to all, regardless of credit score
  • Construction loans up to $649,999 with 5% down
  • Jumbo loans starting at $650,000 (above conforming limits) with as
    little as 10% down
  • Will not sell loans. Local underwriting for make-sense lending decisions
  • Convenient Online draw system
  • Interest only during the construction process
  • No prepayment penalties


All Counties
Rebecca Bonneville – 360-275-6001

  • Conventional
  • Max LTV – 75%
  • Max DTI – 41%
  • Minimum FICO Score – 680
  • 1-Time close: 30 or 15 years plus the construction period
  • USDA option with 100% financing including land
  • 1-Step: Construction period up to 12 months
  • Permits required before loan funds (exceptions possible)


All Counties
Siara Jay – 206-571-7865

When it comes to financing your new construction project, finding the right lender with short-term construction loan products that transition into long-term mortgages can be overwhelming.  There’s so much information and financing products to consider, as a result, we suggest using one of our approved lenders.  Choosing a lender from our list will not only add familiarity in personnel that we work with regularly but it will also keep your new construction project running smoothly with proven draw processes.

  • Conventional and Portfolio
  • Terms: 10, 15, 20 & 30yr.
  • Fixed rates
  • Interest only during construction phase
  • 80% Loan to cost or 90% Cost to build
  • Two step construction loans
  • Automated underwriting
  • 3rd party closing cost
  • Disbursements by voucher system
  • 12 months Construction term
  • Must apply for permits before loan funded


Liz Ringer – 253-328-0747

Bill Andrews – 253-875-4250

Kitsap/Mason – Gig Harbor
Vicki Stasch – 253-514-1843

Jodi Danielson – 253-651-0247

  • Land purchase, construction and final mortgage
  • Max 80% LTV (with proposed structure)
  • Minimum 700 credit score
  • 1% Loan Origination Fee
  • Property needs to be rural
  • No acreage restrictions
  • Farm income producing properties are always eligible (schedule F income) or zoned for Ag (EFU, Forest Zoning, etc.)


All Counties
Leslie Sanford – 360-399-3681

Banner Bank Logo
  • 1-time close 30-yr fixed, 15-year fixed, or 10 year ARM. (Lock Rate upfront)
  • Free float down at modification for 30-year and 15 year options
  • Conventional up to 95% (660 Fico)
  • Interest only payment during construction
  • Free re-amortization at modification
  • No seasoning requirements on land purchase or refinance
  • Use equity in appraisal for your down payment (Refi)
  • Eligible to use purchase of land in one loan (talk to lender)
  • 12-month Construction term
  • Primary and Secondary Homes, and upon exception rental homes.
  • No “Spec” homes.
  • 2-4 unit homes eligible
  • Jumbo Products Available on 30 year fixed and 10/1 ARM
  • 720 Minimum Credit Score
  • 90% LTV Max up to $1,000,000
  • 80% LTV Max up to $1,500,000
  • 75% LTV Max over $1,500,000


Teamwork Makes The Dream Work Event

Watch Our Teamwork Makes The Dreamwork Q & A Video

Watch our professional guest speakers answer questions regarding finding land, permit consulting, and new construction financing.  Stay tuned for more events just like this, coming soon!

Joey Harman

Joey Harman

Project Consultant

Tacoma Branch

Meet An Expert

Meet Joey!  His passion is to help customers realize their dreams of building their custom homes.  This passion with Joey’s ability to listen and understand what the customer needs makes him a perfect fit for your project.  What questions do you have for Joey?

Start Your Journey Today

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