New Construction

Build Your Dream Home with Confidence

From new communities in the Triangle to custom builds on your own lot, we offer construction financing that keeps your project on budget and on schedule.

Construction-to-Permanent

One loan that converts from a construction loan to a permanent mortgage — one closing, one set of fees.

Builder Community Loans

Financing for homes in new construction communities across the Raleigh-Durham area with preferred builder programs.

Custom Home Builds

Financing for custom homes on your own lot with draw schedules that keep your project on track.

Extended Rate Locks

Lock your rate for up to 12 months while your home is being built, protecting you from rate increases.

Start Your New Build

Let\u2019s explore your construction financing options.

Martin Mortgage Group

New Construction FAQ

Common questions about building a new home in Raleigh, NC

A construction-to-permanent loan (also called a one-time close loan) finances both the building phase and the permanent mortgage in a single loan. During construction, you typically make interest-only payments on the drawn amount. Once construction is complete, the loan automatically converts to a standard mortgage. This saves you from paying two sets of closing costs.

Down payment requirements for new construction loans vary by loan type. Conventional construction loans typically require 5–20% down, FHA construction loans require 3.5%, and VA construction loans may offer 0% down for eligible veterans. We’ll help you find the best option for your financial situation.

In many cases, yes. Programs like the NC Home Advantage Mortgage can be used for new construction purchases, depending on the builder and community. Our team can help you explore combining DPA programs with your new construction financing.

While builders often offer incentives to use their preferred lender, an independent broker like Martin Mortgage Group provides truly personalized service — we take the time to understand your build and find the best overall deal for you. Always get a comparison quote — we’re happy to provide one.

We offer extended rate locks of up to 12 months, and we can work with you on extensions if construction runs longer. Communication is key — our team stays in regular contact with your builder to monitor progress and ensure your financing stays on track.