Home Loans to Build, Remodel or Renovate

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Wondering if you’re qualified?

Build, repair or renovate your dream home with a construction loan from GMFS Mortgage. Want to build your dream home from the ground up? Want to repair or renovate your current, next or second house? GMFS Mortgage offers flexible home construction loans that often are less costly than other financing options. Plus our processing, underwriting, and closing teams are all under the same roof making for smooth and predictable closings. Let the experts at GMFS Mortgage help you finance to build a house or remodel a home.

GMFS has helped over 1,900 families with construction or renovation loans! 

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One Time Close Construction Home Loan

  • Home construction loan
  • Min. Down Payment = 5% for primary residence. Land value may be used as a down payment on a refinance transaction.
  • Interest rate is capped on permanent loan
  • Interest only loan during construction for up to 12 months, then modifies to 15 or 30 year fixed rate loan once home is complete
  • Eligible for Primary residence or Second home
  • Borrower chooses contractor, subject to GMFS Mortgage verification
  • GMFS Mortgage Verified Builder List
  • One (1) closing with a simple modification process finalizes your rate and payment once construction completed

HomeStyle® Renovation Home Loan

  • Home renovation loan
  • Remodeling construction loan
  • Eligible for Primary residence or second home
  • PURCHASE =Finance the lesser of the purchase price plus renovation costs or the “as-completed” appraised value
  • Min. Down Payment = 5% for primary residence / 10% for second home / 3% for first time home buyer
  • REFINANCE = Finance up to 95% of the “as-completed” appraised value / 97% if existing mortgage is Fannie owned / 90% for second home
  • Interest rate is locked at close
  • Maximum renovation funds = 75% of the “as-completed” appraised value
  • Borrower chooses contractor, subject to GMFS Mortgage verification
  • GMFS Mortgage Verified Builder List
  • Do-It-Yourself option in some limited scenarios
  • One (1) closing

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Customer Reviews

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Meet Our Construction & Renovation Lending Team

Caroline Guba new construction loan specialist

Caroline Guba, Construction Department Team Lead

[email protected]
Celebrating 6 years at GMFS Mortgage!

Chris Savage

Chris Savage, Construction Loan Specialist

[email protected]
Celebrating 8 years at GMFS Mortgage!
NMLS #1873522

Christian Gordon New Construction Loan Specialist

Christian Gordon, New Construction Loan Specialist

[email protected]
Celebrating 3 years at GMFS Mortgage!

Brandon Doskey HomeStyle Loan Specialist

Brandon Doskey, HomeStyle Loan Specialist

[email protected]
Celebrating 2 years at GMFS Mortgage!

Ginger LeBlanc, Modification Specialist

[email protected]
Celebrating 1 year at GMFS Mortgage!

Megan Scott, Construction Loan Department Manager

[email protected]
Celebrating 8 years at GMFS Mortgage!

Educational Resources


Our avg. customer feedback rating = 4.8 stars! Experience for yourself why so many of our customers and partners refer GMFS Mortgage to their family, friends and clients!


Over 140,000 customers and $27 billion in residential mortgage funding in 23 states


Processing, underwriting, and closing under same roof means smooth & predictable closings


A+ rating with BBB and winner of Torch Award for Marketplace Trust


GMFS staff has an avg. of 14+ years of mortgage industry experience

*Not a commitment to lend.  All loans subject to credit and property approval.  The following terms are for illustrative purposes only.  Rates, payments, and loans terms vary by consumer based on their individual qualifying information.   The payment amount illustrated does not include the amounts for taxes, property insurance, or mortgage insurance. 

Loan Term Down Payment Annual Percentage Rate Estimated Monthly Payment
30 year fixed rate 10% (90% LTV) 4.75% $1,043