Construction loans are short term interim loans used to build or renovate a home. These loans typically act as a line of credit enabling the borrower to disburse money to a builder as the building project proceeds. Generally, the borrower pays interest only on the money as the money is drawn. In most cases, the borrower will secure a permanent loan at the same time which will be used to pay off the final balance of the construction loan once the home is complete and a CO (Certificate of Occupancy) is issued.
Loan Application Resources
Contact Info
524 Paseo del Pueblo Sur, Suite H
Taos, New Mexico 87571
Phone: 575-758-5566
Fax: 575-613-4618
Email: info@dimondmortgage.com
Web: dimondmortgage.com
Get Dimond Updates
• Up-to-date mortgage information
• What the market is doing
• Ideas from leaders in the industry
Newsletter Sign Up
We guarantee 100% privacy.
Your information will not be shared.
Your information will not be shared.
You helped us get the best rates and truly made our dream come true of owning our own home. Thanks to you and all of your staff. You were all great and we will most definitely send friends/family your way.
Fred and Mariah Atencio
I can't even begin to tell you how grateful I am for your help....the team work that resulted in what I believe is going above and beyond from the ordinary. You can bet that you will be mentioned every chance I get. I had nothing to lose and everything to gain. Thanks!
Debra Smith