Construction Mortgages with Northeastern Group

Finance your project, using one of our Construction or Remodeling Loans at Northeastern Group. We can help.

We offer Powerful Programs combined with expert advice and competitive rates.


What is a Construction Mortgage?

A construction mortgage is a loan borrowed to finance the construction of a home or investment property and typically only interest is paid during the construction period. Once the construction is over, the loan amount becomes due and it becomes a normal mortgage. The money is advanced incrementally during construction, as construction progresses.

At Northeastern Group, we are home construction financing specialists. Whether you're planning to build your dream home, your investment property or just thinking about it, we can help. We can answer your questions, and guide you through the loan process. We'll be with you every step of the way from framing your front door to turning the key.

We can answer your questions and your builder's questions so your project keeps moving smoothly from groundbreaking to completion. Our Construction-to-Permanent loan is based on ordering an appraisal based on the future value of the home. The construction loan is based on the total project development cost which can include the purchase of the land.

Call Northeastern Group today to speak to one of our loan specialists, 516-505-7700 or email info@negrp.com.

Northeastern Group is eager to assist you! Give us a call or fill out our quick form & one of our agents will get back to you promptly.

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