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Construction Financing

If you've searched near and far for your dream home with little success, its time to stop looking and start building!

A typical construction loan is around 12 months long and paid out through periodic draws on the loan.  These draws tend to happen when major milestones are completed — for example, when the foundation is laid or the framing of the house begins. Borrowers are typically only obligated to repay interest on any funds drawn to date until construction is completed.  When the construction is completed the borrower has the opportunity to sell the property or convert the construction into a traditional mortgage loan. This is known as a construction-to-permanent loan. If the loan is solely for the construction phase, the borrower might be required to get a separate mortgage designed to pay off the construction loan.
Sherwood Community Bank is proud to offer a number of loan program solutions for business or personal construction projects.
  • Construction-only loan

  • Construction-to-permanent loan

  • Renovation loan

  • Owner-builder construction loan

Contact Senior Lender Gabe Sweitzer at 816-380-5783 or for more information or to start your application process!