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Financing Options

for Your North Atlanta Home Project

Can You Finance building a Custom Home?

Absolutely! Financing a house you want to build will require a construction loan. A construction loan is a short-term loan used to finance the building of a new home. It covers the costs associated with the construction process, including materials, labor, and permits.

Unlike traditional mortgages, construction loans offer interest-only payments during the building phase. The loan amount is usually disbursed in stages, known as "draws," based on the project's progress, ensuring funds are available as needed. Once construction is complete, the loan is converted into a permanent mortgage, which you will then repay over a standard term.

Construction loans typically require a detailed construction plan, budget, and timeline for approval. Lenders will usually require a higher credit score and a higher down payment than buying a new home due to the increased risk associated with construction projects. This type of financing is essential for those looking to build a custom home, providing the necessary funds from start to finish.

What Is the Difference Between a Mortgage and a New Construction Loan?

The primary difference between a mortgage and a new construction loan lies in their purposes and structures. A mortgage is a long-term loan used to purchase an existing home, with fixed or adjustable interest rates and set monthly payments over a specified period, typically 15 to 30 years.

In contrast, a new construction loan is a short-term loan specifically designed to finance the building of a new home. Construction loans usually have higher interest rates and are interest-only payments during the construction phase, which typically lasts 6 to 12 months. Once the construction is complete, the loan either converts to a permanent mortgage or requires refinancing into a traditional mortgage. 


Is a Construction Loan Harder to Get Than a Mortgage?

Yes, a construction loan is generally harder to get than a mortgage. This is because construction loans carry more risk for lenders since they finance a project that hasn’t been completed yet. Lenders typically require a higher credit score and a larger down payment for construction loans compared to traditional mortgages.

Additionally, borrowers must provide detailed construction plans, budgets, and timelines to demonstrate the project's feasibility. The approval process involves more scrutiny, including thorough evaluations of the builder's qualifications and the project's overall risk. These stricter requirements ensure that the lender's investment is secure throughout the construction phase.


Custom Home
Cost Guide

Unlock your FREE Custom Home Cost Guide to streamline your North Atlanta custom home. Inside, you'll discover:

  • General estimates for custom homes
  • Different tiers of projects and price ranges for each
  • The benefits you receive by working with us!

How do you find a lender to finance your new home construction?

Finding a lender to finance your new home construction involves researching and comparing different lenders to find one that specializes in construction loans, offers favorable terms, and has a track record for great service.

How will you know a lender will be a trustworthy partner in financing your custom home? A trustworthy construction loan lender is characterized by their transparency, reliability, and expertise in handling construction financing. They provide clear, detailed information about loan terms, interest rates, and fees without hidden surprises.

Reliable lenders are responsive and communicate effectively, ensuring you understand every step of the loan process. Their reputation is backed by positive reviews and testimonials from previous clients. Additionally, a trustworthy lender offers comprehensive support, guiding you through the complexities of construction loans with a professional and knowledgeable team. They also have a strong track record of successfully financing construction projects, demonstrating their capability and commitment to helping you achieve your home-building goals. Here's a step-by-step guide on finding the lender that's right for your custom home project:

  • Identify your financial needs and gather necessary documentation (credit score, income statements, construction plan)
  • Seek recommendations from friends, family, builders, and real estate agents
  • Create a list of potential lenders who specialize in construction loans
  • Contact each lender to discuss their loan options, interest rates, and application processes
  • Evaluate the lenders based on customer service, responsiveness, and clarity of information
  • Compare the loan terms, conditions, and interest rates
  • Choose the lender that best fits your financial needs and project requirements
  • Complete the application process with your chosen lender

Does Elevation Building Company offer construction loan Financing? 

Through our trusted partners, we offer streamlined construction-to-permanent loan programs that are designed to ease the financial stress of building your new home. Here's how we help you finance your custom home from the ground up:

Key Features of Construction-to-Permanent Loans

  • Flexible Loan Terms: For conventional loans, if the house is completed and a certificate of occupancy (C/O) is issued within 12 months, you do not have to requalify when the loan is modified to a permanent mortgage. For jumbo loans, this period extends to 18 months.

  • Efficient Draw Requests: Using our automated system, B.U.I.L.T., draws can be requested fast, friendly, and informative, ensuring that funds are available when needed.

  • Interest-Only Payments: During construction, you pay interest only on the money as it is disbursed, which helps manage your monthly expenses more efficiently.

  • In-House Processing: All aspects of our C/P financing, including underwriting, closing, servicing, and draws, are handled in-house. With over 200 C/P loans at various stages, we ensure a seamless process.

  • Loan-to-Value Ratio: The maximum LTV (Loan-to-Value) ratio for Conventional C/P loans is 90%, making it easier to start building with less upfront.

  • Jumbo Loan Options: We provide jumbo buyers with adjustable-rate mortgage options like 5/6 ARM and 7/6 ARM, where rates are locked upfront. Additionally, there’s usually an option to float down the rate before modification.

Our trusted Lending Partners:


Capital City Home Loans: Construction to Permanent

Save time with Capital City Home Loans' simplified qualification and closing process for your custom home or renovation. Their construction-to-permanent loan program includes:

  • Will finance new home builds or remodels
  • One-time close
  • Fixed and adjustable rate loan options
  • Purchase or refinance
  • Up to 95% LTV to $766,550 on a primary home
  • Up to 90% LTV to $766,550 on a secondary home
  • Loan amounts up to $3M
  • Extended rate lock programs
  • Interest-only payments during construction

Truist Construction to Permanent Mortgage Loans

With a Truist Construction-to-Permanent Mortgage Loan, you benefit from a close relationship with a dedicated Truist professional who will guide you every step of the way. Their program includes:

  • Initial construction financing
  • Modified permanent financing post-construction
  • Single closing for reduced cost and paperwork
  • Locked interest rate prior to closing
  • Quick application turn-around

Want to Discuss Financing Your Home Build?


01 | Consultation
After a quick consultation and completing our intake form, we create a project feasibility study to give you a price range for your project.
02 | Pre-Construction
After being retained, we work with your architect and your designer to create the project scope of work. Once the blueprints and designer selections are complete, we finalize the project cost. Following any necessary adjustments, we complete the construction agreement and scope of work, setting the stage for bringing your dream home to life with precision and care.
03 | Build/Project Completion
Your build journey, guided by our expert Project Manager, begins with a focus on quality and transparency, using BuilderTrend for progress updates. Throughout the build, we conduct an inspection followed by a detailed walk-through. Upon moving in, you'll receive a comprehensive Homeowner Manual and benefit from a 1-year warranty with scheduled touch-ups, ensuring lasting satisfaction in your new EBC custom home.


Elevation Building Company is dedicated to serving North Atlanta and its surrounding areas. We're deeply rooted in this vibrant community, and committed to giving your custom home-building dreams a touch of local expertise. From the bustling streets of North Atlanta to its peaceful outskirts, our team is ready to turn your vision into a reality. Discover our service areas or contact us to see if we're building in your neighborhood!

Our Service Area

  • North Fulton
  • Cherokee
  • Cobb
  • Forsyth
  • Dawson
  • Woodstock
  • Milton
  • Roswell
  • Alpharetta
  • Canton
  • Kennesaw
  • Cumming
  • Ballground
  • Acworth
  • Holly Springs
  • Marietta

The Elevation Journey to Your Dream Home

At Elevation Building Company, we embark on a creative journey with each client, where exceptional design and precise craftsmanship merge to bring your custom home or remodel to life. Your dream home awaits, where every intricate detail, the artistry of architecture, and the joy of delivery focus on you to enhance your everyday life. 

Create Your Dream Custom Home or Remodel

Guiding You Every Step of the Way


Elevation Building Company offers a unique and personalized home-building or remodeling journey, ensuring an exceptional experience you won't find anywhere else.