We’ll construct your loan from the ground up
Our one-stop shop helps you save time and money
We offer permanent mortgage loan packages
Move in as soon as the project is complete
We know the market and the builders
The Construction Process
Step 1: Complete an application
Step 2: Loan will be submitted for a credit decision and processing.
- Builder/Contractor Review
- Draw Schedule
- Title Review
Step 3: Close the loan and build your home. Our disbursement policy is as follows:
- Borrower funds (meaning your down payment or equity) will be used first. Construction loan proceeds will be disbursed thereafter.
- Each construction disbursement (draw) is limited to the amount that corresponds to the percentage of completion, as outlined in the disbursement schedule.
- Funds are disbursed to cover labor and materials for work or installations that have been completed.
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Have you found the perfect spot to build a home, but don't have plans drawn up for your dream home yet? There's no need to rush. We have lot and land loans available that allow you to purchase property without the pressure of having to complete your home right away.
Please note when using the Mortgage Calculators that your actual rate, payment and costs could be higher. Get an official Loan Estimate before choosing a loan.
We can help you finance improvements to the home you already own, or use your home’s equity to accomplish specific personal financial goals.
We’ll customize a loan solution that allows you the freedom to purchase a vehicle, plan a long-overdue family reunion, consolidate your debt and more.
American Bank, N.A. NMLS #469472. 800 N. Shoreline Blvd, Suite 200., Corpus Christi, TX 78401