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Finance Your Build from the Ground Up Building a new home or developing a property requires specialized financing that traditional...
Takes 30 seconds. No credit check required.
Building a new home or developing a property requires specialized financing that traditional mortgages cannot provide. A construction mortgage releases funds in stages as your build progresses, giving you the capital to pay contractors and suppliers throughout the project. Mortgagefy arranges construction financing through banks, credit unions, B-lenders, and private lenders for projects of all sizes — from custom homes to multi-unit developments.
A construction mortgage is a short-term loan that finances the building of a new home or major renovation project. Unlike a traditional mortgage where you receive the full loan amount at closing, a construction mortgage is advanced in stages (called draws) as construction milestones are completed and inspected. Once construction is complete, the loan typically converts to a standard mortgage or is refinanced with a traditional lender at completion.
Homeowners building a custom home on land they own or are purchasing. Developers building residential properties for sale or rental. Property owners undertaking major structural additions or renovations that require staged financing. Borrowers with strong equity in their land or existing property. Both conventional and alternative lending options are available depending on the project scope and borrower profile.
Staged draw advances aligned with your construction schedule. Interest charged only on funds drawn, not the full loan amount. Flexible terms from 6 to 24 months depending on project timeline. Access to both insured and conventional construction financing. Private lending options available for projects that need faster funding or more flexible qualification.
You provide your construction plans, budget, contractor details, and project timeline. We arrange an appraisal of the completed project value and match you with the best construction lender from our network. Funds are advanced in 3 to 5 draws as construction milestones are met and inspected. Upon completion, we arrange the takeout mortgage — your permanent long-term financing. Our team manages the entire process from initial approval through final draw and conversion.
Tell us about your situation. We review your needs, goals, and financial picture — quick and confidential.
We compare rates and terms from our network of banks, credit unions, B-lenders, and private lenders to find your best match.
Once you choose your best option, we handle the paperwork and guide you through to funding — fast and stress-free.
Fully licensed and regulated in Ontario. Your interests are legally protected.
Clear terms, honest guidance, and a dedicated agent working to get you the best deal.
Pre-approvals in 24 hours. Private lender funding in as little as 48 hours when time is critical.
We shop your application across banks, credit unions, B-lenders, and private lenders Canada-wide.
Get a personalized rate quote in under 60 seconds. No hard credit check required.
Fully licensed, operating under 8Twelve Mortgage Corporation (Lic#13072).
Access to Canada's largest network of banks, credit unions, B-lenders, and private lenders.
Get a response within 2 business hours. Many approvals within 24-48 hours.
Expert guidance with zero pressure. We work for you, not the banks.
A licensed mortgage agent will personally review your situation and call you back within 2 hours. No pressure, just expert guidance.
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Mortgage services provided by 8Twelve Mortgage Corporation, licensed mortgage brokerage (Lic#13072).
Have questions about your mortgage options? Book a quick call with a licensed agent — no pressure, no obligation.
