Building your dream home? Relax... First Horizon can arrange specialized financing that can streamline the loan process and save money, too. When it comes to construction lending, we're good news for you and your builder! We offer financing for new home construction, renovation of a pre-existing home and interest-only residential lot loans.

One-Time Close

Our One-Time Close, featuring combined construction and mortgage financing, makes building a home twice as easy!

• Instead of taking out two separate loans, your One-Time Close loan combines construction and permanent financing into one construction loan
• One construction loan closing process saves you time and money
• Choose from a variety of mortgage options, including fixed- and adjustable-rate loans
• Construction home Loans with low down payments are available.
• You may receive potential tax benefits during your home's construction (consult your tax advisor for details of potential savings)

Home builders will appreciate the convenience of One-Time Close as they'll be secure in the knowledge that your home loan financing is already approved, and they will also appreciate the easy draw procedures to maintain their cash flow during construction.

Lot Loans

Found the perfect location for your custom home? Offered in conjunction with One-Time Close, our Lot Loans offer interest-only financing with a one-year term, so you'll have plenty of time to go over builder's plans before construction begins. Loans for up to 10 acres are available, so you can look forward to a home with plenty of elbow room indoors and out!