Building your dream home from the ground up? We’re here to help!
Meridian is a specialist in the financing of residential construction dwellings, providing our members with maximum flexibility in determining how they wish to construct their dream house, cottage, or vacation property
Click here to see our Construction Mortgage Rates
What is a construction mortgage?
- A custom home being built by a contractor, on land owned by the member.
- A new home being built on land the member owns, where the member is either the contractor or building the home themselves.
Meridian Advantage
- Meridian offers flexible draw (payment) options to make managing cash flow and building phases much easier than traditional financial institutions.
- Expertise. Meridian has been financing construction mortgages for years. We understand the unique demands associated with new home builds, pre-fabricated assembly and custom dream homes.
- Finance up to 75% of the value of the land.
- Building outside the city limits - no problem. Whether your dream home is located within a city or tucked away in the country, we can meet your needs. After all, it is your dream.
- Interest rate fixed at initial draw – eliminating the risk associated with a rising interest rate environment.
Call or visit us today!
Details:
- Both residential and investment dwellings qualify for financing.
Ask the Experts
Call us today at 1.866.592.2226 to set up a mortgage appointment, or better yet, stop worrying, head for your branch and get a Meridian mortgage expert working for you!
