Knockdown-rebuild
Love the lot. Rebuild the house.
Sometimes the best thing about a property is where it sits. A knockdown-rebuild, also called a teardown, means taking down the existing house and building new on the same lot. A construction-to-permanent loan can finance the new build with one application and one closing.
Who it fits
- You own an older home on a lot you'd never give up.
- You found a property where the location is right and the house isn't.
- Renovating would cost close to building new, without the result you want.
How it works
- Tell us about the property,what you owe on it, and your builder.
- We review the property, your builder and your plansin one application.
- Close once.The loan covers the build and becomes your long-term mortgage.
- Your builder is paid in drawsas each stage is finished and verified.
Demolition costs can be included in the construction budget.
Talk to Neil
Have a lot with a house you'd rather replace?
Call Neil with the address.
- You call or send the formWe'll ask where you're building, whether you own the land and your timeline.
- We look at your buildYour lot, your builder and your plans, together.
- You get a straight answerWhat it takes to close, and what happens next.