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Construction Loan
Definition

A construction loan is divided into draws for each phase of the construction process. The goal is to make progress payments from the construction loan funds to the contractor as work is completed. For example, building the framework and building the roof may be done with the funds from different draws. This is done to mitigate some of the risk. Our construction loans are serviced in-house, making it easy for timely draw requests and complete transparency on the status of the project.

Financing Questions?

Contact Scott Fuller, Home Loan Officer with Umpqua Bank with your new construction and real estate financing questions and to hear the special offer's Umpqua is currently offering.
Scott Fuller's Photo Scott Fuller
Home Loan Officer, NMLS: 102381
509-842-9560
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For your security, please do not enter any private information including, but not limited to: account numbers, social security numbers, date of birth, driver's license numbers, etc.
Contact Brandon Hieb, Home Loan Officer with STCU with your new construction and real estate financing questions and he will get back to you as soon as possible.
Brandon Hieb's Photo Brandon Hieb with STCU
Senior Loan Officer, NMLS# 1997256
509-879-5682 brandonh@stcu.org
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For your security, please do not enter any private information including, but not limited to: account numbers, social security numbers, date of birth, driver's license numbers, etc.
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