Construction Loans

Constructing a new home in Utah can be a thrilling journey, but the complexity and duration of the construction loan approval process might dampen your enthusiasm. Beam Lending simplifies this with a loan that can cover up to 90% of both the land cost and construction expenses.

We provide options for a single fixed-rate closing or variable-rate ARM products. This loan is designed specifically for financing the construction of a new home and may also cover the land purchase. Unlike traditional mortgage loans that release funds in a lump sum at closing, construction loans disburse funds in alignment with the project’s progress.

Our construction loans come with the flexibility of choosing between a fixed or variable interest rate. Moreover, some of our construction loans can seamlessly transition into a standard mortgage upon completion of the build, eliminating the need for a separate loan to replace the construction loan for permanent financing.