Specialized Financing
Construction Lending
Build your dream home from the ground up.
Michael Addison specializes in construction financing that takes you from lot purchase through final completion — with expert guidance at every phase.
Loan Options
Construction Loan Programs
From raw land to finished home, we have a financing solution for every stage of your build.
Construction-to-Permanent Loans
A single loan that covers both the construction phase and converts automatically to a permanent mortgage at completion — saving you time and closing costs.
One-Time Close Construction
Lock your permanent rate upfront and close just once. No re-qualification required when construction is complete.
Lot & Land Loans
Finance the purchase of your building lot before construction begins, with flexible terms designed for future home builders.
Renovation Construction Loans
Finance major renovations or additions to an existing home with a construction loan that rolls into your permanent mortgage.
Custom Home Financing
Tailored financing solutions for custom and semi-custom home builds, with draw schedules aligned to your builder's milestones.
Builder & Spec Home Loans
Financing options for builders and investors constructing spec homes or small residential developments.
The Process
How It Works
Construction financing has more moving parts than a standard mortgage. Here's what to expect.
Pre-Qualification
We review your finances and project scope to determine your borrowing capacity before you break ground.
Loan Approval
Submit plans, specs, and builder contracts. We underwrite and approve your construction loan.
Draw Schedule
Funds are released in stages as construction milestones are completed and inspected.
Conversion
At completion, your loan converts to a permanent mortgage — often with no additional closing costs.
Let's Talk
Ready to Build?
Construction financing is complex. Let Michael Addison guide you through every step.
Michael Addison · NMLS 603214 · The Federal Savings Bank · NMLS 411500
Why work with Michael?