a couple sits at a table looking over documents with a loan officer


Programs to Help You Achieve Your Dream.

When you’ve decided it’s time to build your dream home or renovate, it’s important to know your options when it comes to financing. Our financing partners offer a variety of loan programs and can assist you in understanding your options. From VA and conventional mortgages to construction to permanent financing for on your lot and custom home projects, Timberlake is proud to align with some of the best mortgage lenders.

Financing Process

I’m planning to construct a new home. What are my options?

Construction to permanent financing will be the primary lending tool used for the majority of clients building a custom home, buying a homesite on which to build one of our home designs, or undertaking a whole-house renovation.  

A construction to permanent loan may also be known as a single-close loan. This loan converts to a standard mortgage at the completion of construction. The benefit of a construction to permanent financing loan is that it allows you to combine your construction or renovation financing and permanent mortgage into one loan. You only have one closing and can include the purchase price of your lot in the financing. 

Watch our video for more on this topic.

What happens once I’ve secured my construction loan?

Funds are disbursed as needed rather than being granted all at once; you pay interest on the loan proceeds as they are disbursed rather than the full amount of the loan. Disbursements are called draws and the lender will ask an inspector to verify that various milestones (i.e. work completed) have been met before the draw is approved.

Do I have payments during the construction period?

You will generally make interest-only payments during construction on the funds that are dispersed. This is why your monthly payments will be low at first and gradually increase throughout the construction process. At conversion to a mortgage, payments change to principal and interest.

I’m renovating my home. How do I finance that?

You can also use construction to permanent financing for this. There are also renovation construction loans 203(k). You may be able to bundle this with a traditional mortgage. Check with your mortgage partner for the best options to meet your specific needs/goals.

What is a typical loan process?

Most of the documentation you need for a construction loan is the same as that for a mortgage.  Prepare to have this info available:  Proof of identity, recent pay stubs, proof of other income, current bank statements, recent tax returns, recent statements for other assets like a brokerage account, source of down payment, other liabilities, and possibly more.

Construction to Permanent Loan Financing

Timberlake Design/Build Division

Mortgage Financing Specialists:


Vice President Mortgage Banking
NMLS# 408130

Sandy Spring Bank

Vice President
301-617-4204 (Office)
410-707-5651 (Mobile)
NMLS# 408139

Fulton Bank

Senior Mortgage Loan Officer
NMLS# 615429

First National Bank Corp.

Senior Mortgage Banking Consultant
1000 Bestgate Rd Second Fl.
NMLS# 408136

Atlantic Prime Mortgage – Maryland

Managing Partner - Mortgage Advisor
NMLS# 176635

Atlantic Prime Mortgage – Delaware

Managing Partner/Owner
NMLS# 152048

New Home Construction Financing

Timberlake Homes Division

Mortgage Financing Specialists:

Truist – Maryland

Assistant Vice President
443-742-5818 Cell
5 Church Circle
NMLS# 414531

Pike Creek Mortgage Services, Inc. – Delaware

Mortgage Consultant
302-355-2240 (Office)
302-584-5775 (Cell)
2100 Drummond Plaza,Bldg 2
NMLS# 714548

First Home Mortgage: Villages of Steeple Chase

Branch Sales Manager
301 818-0648 Direct Line
240 216-8824 Cell
102 Centennial Street Suite 101
NMLS# 71603

Equity Prime Mortgage – Delaware

Mortgage Loan Originator
302 265-3300
267 716-2516
14A South Maple Ave
NMLS# 196445

Embrace Home Loans – Maryland & Delaware

Senior Loan Officer
443-321-4500 Ext. 3616 Direct Office
443-994-9168 Cell
NMLS# 186602

Draper and Kramer Mortgage Corp. – Maryland

VP of Residential Lending
202 487-6816 Direct
9210 Corporate Blvd, Suite 345
NMLS# 185296

Caliber Home Loans – Maryland

Regional Builder Manager
443-990-1220 Ext 101
185 Admiral Cochrane Dr. Suite 205
NMLS# 476392

Bay Capital Mortgage – Maryland & Delaware

Vice President
443-325-5877 Direct Office
301-303-0383 Cell
3300 N. Ridge Rd. Suite 160
NMLS# 455862