Construction Mortgages

Single Family


   1. Self-Build Home

Self-Build Home is when you act as your own contractor; hiring subcontractors to complete the work. Your mortgage options are: Progress Draw Mortgage, Completion Mortgage

   2. Self-Build: Builder/Contractor (turn key):

Self-Build: Builder/Contractor is sometimes referred to as Turn Key. This is when you enter into an agreement with a contractor to build your home. Typically, the builder will request Financing Draws. Your mortgage options are: Progress Draw Mortgage, Completion Mortgage. It’s important to choose a contractor that is reputable with a solid track record (resume) of previous projects.

   3. Buying from a Builder (take out)”:

Mortgages on newly constructed homes, town homes, condominiums. Client requires funds when the home is 100% complete (will require the final occupancy permit in place). We have a wide variety of mortgage products on our “shelf” that you can choose best suited to your own unique situation.

Self-Build Mortgage

Building your dream home could be one of the most rewarding experiences you ever undertake. So how can you finance building your own home?

A self-build mortgage is exactly what it says, a loan you secure to finance building your own house. With a self-build mortgage the money is released in instalments, typically with an initial loan to buy the land. Payments are then made at different stages of the build.

The key to a successful build is to understand the steps involved, and to follow through with the many details involved in building a home. From the first idea to the finished project, planning ensures you have your bases covered.




We have a deep understanding when it comes to development loans as that has been an area of focus for the PNW Mortgage team.

Whether it be a parcel of raw land, or a site that is “shovel ready,” we have funding sources that can help in each of those cases.  We specialize in funding townhome/condo land acquisition loans

We understand how the application process works with the various municipalities of the lower mainland, with most of our funded deals falling in:

  • Surrey

  • Langley

  • Vancouver

  • Richmond

  • West Vancouver

  • Burnaby

We work with lenders who can approve these types of deals with the following terms:

  • Up to 75% on land acquisition (when shovel ready, 60% to 70% for raw pre-development)

  • 75% to 80% of hard and soft costs funded

  • Flexible draw system

  • Interest only payments

  • 12 to 36 month terms

  • Rates ranging from 3.50% to 6.50% (P+0.30% to P+3.30%) depending on deal quality


Please give us a call for a no obligation quote for any land holding, or development deals.