Construction Loans

Are you a construction company in Surrey looking for financing solutions? Look no further! Queen of Mortgages is here to provide you with unique builder financing programs that cater to all your needs. Whether you are a large-scale builder constructing hundreds of homes annually, a home builder specializing in customized construction, or a small builder just starting out, our construction loans are specifically designed to suit your requirements. With our dedicated turnkey services and hassle-free application process, we aim to make your construction projects a success.

Meeting Your Construction Financing Needs

At Queen of Mortgages, we understand the importance of financing in the success of every construction project in Surrey. That's why we offer a range of financing options to builders on both pre-sold and speculative bases. Our construction loans cater to all types of builders, ensuring that you have the necessary funds to carry out your construction projects in Surrey. We believe in transparency and value for our clients, which is why we don't charge any front-end or back-end fees for our construction loans. In fact, certain mortgage plans even waive cancellation fees, providing you with further financial flexibility in Surrey. With our competitive construction rates and flexible draw schedules, we strive to meet your construction financing needs efficiently and effectively.

Streamlined Application Process for Construction Loans Surrey

We understand that your time is valuable, and that's why we have designed a streamlined application process for construction loans Surrey. Our goal is to make the financing process as simple and straightforward as possible, allowing you to focus on your construction projects. By minimizing paperwork and streamlining the process, we ensure a smooth experience from start to finish. Our knowledgeable team will guide you through each step of the application process, ensuring that all the necessary documentation is in place. We are committed to providing timely responses and delivering the funds you require as construction progresses in Surrey.

Construction Financing Stages in Surrey

As part of our construction loan programs in Surrey, we offer advances at different stages of construction. These advances provide you with the necessary funds when you need them the most, ensuring the smooth progress of your projects. Here are the stages at which we provide construction draws in Surrey:

1. Lock-up – 35% to 55% Complete

During the lock-up stage, when your construction is between 35% and 55% complete in Surrey, we offer advances to cover your expenses. These funds are essential for managing your cash flow and ensuring the continuous progress of your project.

2. Drywall – Approximately 75% Complete

When your construction reaches approximately 75% completion in Surrey, we understand that additional funds may be required to complete the drywall stage. Our construction draws at this point help you meet your financial requirements and keep your project on track.

3. Completion – 100% Complete

Upon reaching the final stage of your construction project in Surrey, where it is 100% complete, we provide the remaining funds necessary for the successful completion of your project. These funds enable you to wrap up your construction and move forward with your goals in Surrey.

Please note that additional draws may be available with approval, depending on the specifics of your project in Surrey.

Request a Call Back for Construction Loans Surrey

At Queen of Mortgages, we value personal relationships with our clients in Surrey. We would love to hear from you and discuss how our construction loan programs can best meet your specific needs. Please fill out the form below, and our team will get in touch with you shortly to provide further assistance regarding construction loans Surrey:

FAQs (Frequently Asked Questions) about Construction Loans Surrey

1How many times can I use the construction loans Surrey?

You can use our construction loans Surrey for multiple projects. We are here to support you throughout your construction endeavors.

2Can I apply for a construction loan as a small-scale builder in Surrey?

Yes, our construction loans in Surrey are available for builders of all sizes, including small-scale builders. We believe in providing equal opportunities for growth and success.

3Are there any upfront fees for applying for construction loans Surrey?

No, we do not charge any upfront fees for applying for construction loans Surrey. We aim to provide transparent and cost-effective financing solutions.

4Can I receive funds at different stages of construction for my project in Surrey?

Yes, we offer construction draws at various stages of construction in Surrey. These advances ensure that you have the necessary funds to meet your project's financial requirements.

5How long does the approval process for construction loans Surrey take?

The approval process for construction loans Surrey varies depending on the complexity of your project. Our team works efficiently to provide timely responses and facilitate a smooth process.

6What if I need additional funds during the construction phase in Surrey?

Additional draws may be available with approval, allowing you to access additional funds when needed during the construction phase in Surrey.