Construction Mortgages

Financing for New Constructions

Got the land, but need money to build? GTA has you covered.

Your dream home constructed from the ground up

Building your own home gives you the flexibility to design each and every detail the way you want it. However, like a traditional home purchase, this can be an expensive endeavor. What GTA Mortgage does is find your perfect lending partner for construction financing that gets your dream home built exactly to your specifications.

The construction mortgage process

In Canada, financing a home construction project utilizes “draws.” These are incremental amounts given to you as you meet milestones during the building of your new home. For example, if your loan includes purchasing the land, your first draw might be the amount needed to buy the property.

The draws in a construction mortgage, also known as a builders mortgage, are typically provided as an equity takeout. For each stage of the building, your lender may require various inspections to be completed before the next draw is approved.

After your home construction is finished, the mortgage operates identically to a traditional home mortgage.

Helping Canadians achieve home ownership

More Than

1,200+

Mortgage Loans Completed


With Over

20+

Years of Mortgage Experience

The importance of planning

Because constructions can encounter problems and extra costs, it’s extremely important that you budget accurately and provide detailed construction plans to your lender.

At GTA Mortgage Lenders, it’s our goal to help you find not only the best construction financing interest rates, but also ensure that the terms of your loan are as favorable as possible.

Construction Mortgages

Financing for New Constructions

Got the land, but need money to build?

GTA has you covered.

Your dream home constructed from the ground up

Building your own home gives you the flexibility to design each and every detail the way you want it. However, like a traditional home purchase, this can be an expensive endeavor. What GTA Mortgage does is find your perfect lending partner for construction financing that gets your dream home built exactly to your specifications.

The construction mortgage process

In Canada, financing a home construction project utilizes “draws.” These are incremental amounts given to you as you meet milestones during the building of your new home. For example, if your loan includes purchasing the land, your first draw might be the amount needed to buy the property.

The draws in a construction mortgage, also known as a builders mortgage, are typically provided as an equity takeout. For each stage of the building, your lender may require various inspections to be completed before the next draw is approved.

After your home construction is finished, the mortgage operates identically to a traditional home mortgage.

The importance of planning

Because constructions can encounter problems and extra costs, it’s extremely important that you budget accurately and provide detailed construction plans to your lender.

At GTA Mortgage Lenders, it’s our goal to help you find not only the best construction financing interest rates, but also ensure that the terms of your loan are as favorable as possible.

Want to know more about construction mortgages?

GTA Mortgage Lenders is here to answer all your questions about construction financing and builders mortgages. Simply contact us directly and we’ll give you all the information you need to understand how the process works and how we can help you build your dream home.

Want to know more about construction mortgages?

GTA Mortgage Lenders is here to answer all your questions about construction financing and builders mortgages. Simply contact us directly and we’ll give you all the information you need to understand how the process works and how we can help you build your dream home.