Building Your Dream Home—Financially Clear
Understanding Construction Loans
Construction loans are typically interest-only during the build with funds released in draws; many convert to a long-term mortgage at completion. Lenders usually require plans, a line-item budget, and an appraisal—Monroe Construction helps organize the documentation and schedule.
How Monroe Assists With Financing
We introduce trusted Oregon lenders for construction loan assistance, coordinate draw schedules, and provide timelines and cost documentation lenders expect—so approvals and inspections align with real-world milestones from Medford to Bend.
Ways to Finance Your Project
Construction-to-permanent loans streamline closing; land + construction loans can bundle lot purchase and build; equity or HELOCs can bridge funding; and renovation loans fit large remodels. We’ll align scope and timing with your chosen path.
Working With Lenders
Strong credit, stable income, and a detailed contract help secure financing. Monroe Construction supplies plans, schedules, and progress updates so lenders release draws promptly during your Medford, Ashland, Redmond, or Bend project.
Tips From Our Team
Get pre-qualified early to set a realistic budget; plan a contingency for selections; account for interest during construction; and time rate locks with your schedule. Small planning steps now prevent costly pivots later.
Our support
Financing & Loan FAQs
Do builders help with construction loans?
Yes—Monroe connects you with lenders, provides documents, and coordinates inspections and draws.
Do I need land before applying?
Not always. Many lenders bundle land purchase with construction; we’ll help evaluate lots and timelines.
How are builder payments made?
Through scheduled draws tied to milestones. We coordinate approvals so work keeps moving.
What’s the difference between a construction loan and a mortgage?
Construction loans fund the build in stages; mortgages finance the finished home, often after conversion.