Construction Financing Designed Around Your Home Build
One closing. One loan. A simpler process.
Also known as a construction-to-permanent loan, this option combines the short-term construction financing and your long-term mortgage into a single loan. You close once at the beginning—before construction even starts—and avoid the extra costs, paperwork, and interest rate volatility while building.
How the construction loan works
During construction, progress is inspected as funds are requested and money is disbursed to your builder via monthly draws. You then make monthly interest-only payments on the funds drawn. Once the home is complete and the certificate of occupancy is issued, there’s no need to reapply or requalify. The loan automatically converts to a traditional permanent mortgage with a 29-year term.
You can also lock in your permanent interest rate at the initial closing, protecting you from potential rate increases while the home is being built. Whether you need to purchase land or already own a lot, this loan offers flexibility—existing lot equity can often be applied toward your down payment.
Local relationships make a difference
What truly sets our program apart is the local advantage. We work very closely with longtime, trusted local builders in the Walla Walla Valley. These established relationships mean smoother communication, coordinated draw schedules, and a shared understanding of area requirements and timelines. The result is fewer surprises, trusted relationships, and a more seamless experience for everyone involved.
As a longstanding staple in the community, we bring deep local market knowledge, experience, and genuine commitment to our clients. We’ve guided many families through the process of building their homes right here, and we understand the unique details that matter in our area.
Ready to build with Baker Boyer
If you’re ready to turn your plans into a finished home, have questions on qualifying, or simply want a referral for a trusted builder, contact us today to learn more about how we can help you build with confidence. We offer clarity, expertise, and the support of a lender who knows this community.
