build your dream home with Waterstone Mortgage

Ready to get started? Click here.

Lot Acquisition & Construction Financing

Whether you are looking to purchase a vacant lot and build, or build on your lot, Waterstone Mortgage’s construction loan has you covered! Learn more.

Renovation Financing

Whether you are purchasing an existing home that needs improvements, or adding an ADU or other improvement to your existing home, Waterstone Mortgage’s renovation loan programs offer financing solutions to meet your needs. Learn more.

Information for Builders

If you have a client looking for new construction financing, visit our Builder Resources page. Interested in getting started? Download the builder approval documents: builder application, builder acceptance checklist, reference authorization form, and W9.

Looking for Something Else?
Check out Waterstone Mortgage’s complete list of conventional, government, specialty, DPA, and proprietary programs.
construction process FAQs

How much do I need to put down to build a home?

Waterstone Mortgage's Single Loan Close Construction Program requires as little as 5% down, which can come from your equity if the lot is owned.

Do I need separate loans for my lot, construction, and mortgage?

No! One loan can cover the entire construction process, from the purchase of your land to your permanent mortgage and everything in between.

How long does the home building process take?

The building process for a personalized production home usually takes between six and seven months to reach completion; however, it can sometimes take more than seven months, depending on your location, the weather, construction supply delays, and any requested customer design changes that are implemented along the way.

What is the first step to building a house?

Find out what you can afford. Getting pre-approved, budgeting, and deciding on the to-die-for customizations for your home is one of the most important steps in any (buy or build) home purchase process. 

For a detailed overview of the construction process click here.

get started with your construction loan
Complete the contact form below to get started with your construction or renovation loan process, or to learn more about your financing options.

All loan requests are subject to credit approval as well as specific loan program requirements and guidelines. Interim construction period not to exceed 12 months. The interest-only feature allows you to make minimum interest payments for a set period of time. When the interest-only period end, the monthly payment is recalculated to include full principal and interest payments for the remaining loan term. Geographical restrictions may apply.

Licensed by the Department of Financial Protection and Innovation under the California Residential Mortgage Lending Act. Branch License #41DBO-180879. Washington Consumer Loan Branch Office Licensee #CL-2477014.