A male and female couple looking at blueprints in a home that is being built

Construction-Only Loan

If you only need interim construction financing to build your home, ENB has your solution. A Construction-Only Loan is perfect when you plan on selling your current home to pay off your construction loan. Not all banks and mortgage companies offer construction financing. Some features of our Construction-Only Loan include:

  • Down payment options as low as 5%
  • 12-month construction loan terms available
  • Interest-only payments during the construction loan term
  • No mortgage insurance required
  • Escrow for taxes and homeowner’s insurance are not required
  • Direct Disbursement option allows quick access to funds for contractors
  • Flexible draw schedules accommodate a variety of projects
  • Convenient Online Draw Requests
  • Loans up to $1 million
  • Available on single-family, owner-occupied homes only

To see how this process typically works, view our Construction Timeline.

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Contact us and we’ll answer your questions.