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Construction mortgages mortgages with Team Active Mortgage

Building from the ground up means funds are released in stages as the work progresses. Our brokers explain how draw mortgages work, what documents and inspections are required, and how to plan cash flow between draws.

Who this is for

  • Owners building a custom home
  • Buyers purchasing a new build from a builder
  • People adding a major structure to their property

How our brokers help

  1. Explain draw schedules and inspection requirements
  2. Help you budget for costs between draws
  3. Compare lenders that finance construction

Common questions

How are construction funds released?

In stages (draws) as construction milestones are inspected and confirmed.

Do I need to own the land first?

Not always; land can sometimes be financed as part of the project. Ask your broker.

What documents are needed?

Usually plans, a builder contract, a cost breakdown and permits. Your broker will provide a checklist.

Ask about construction mortgages

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