Construction Mortgage

Mortgage Financing for a New Build Home

Having a new home built makes for an exciting time in a family’s life. Instead of having to buy a house that already has a set floor plan, color scheme, flooring, and other traits, you get to make all of those choices before the house even goes up. A lot of people buy an existing house knowing that they want to make a number of changes, such as repainting the master bedroom, ripping out the carpet and replacing it with hardwood floors, or even knocking out a wall or two to open up a living space. People who take out construction mortgages in BC are using the financing to have their homes built from scratch.

If you are dealing with a major builder in the Abbotsford area, typically they will carry the financing for you throughout construction and you simply need a completion mortgage once the home is complete. If the builder is not willing to carry the financing you may be required to acquire a progress draw mortgage. A progress draw mortgage will advance money in intervals as the house is being built.

If you want to learn more about construction mortgage, reach out to us at Sandhu and Sran Mortgages. We can connect you with construction loan providers in your area and provide you with the best deal possible.

What's Next?

Mortgage Payment Calculator

Crunch the numbers and explore your mortgage options!

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Mortgage Rates

First time buyer or refinancing? We got the lowest rate in the market.

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Apply for Mortgage

We shop for the best mortgage option at no charge to you.

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THE PROCESS

We Make it EASY

Find the best mortgage to suit your needs!

STEP 1GET IN TOUCH

Reach out to us by phone or complete an APPLICATION ONLINE. Once the mortgage application is submitted, we will contact you to review it.

STEP 2SHARE INFORMATION

Share supporting documents and discuss your needs and goals so we can find the best available mortgage options for you.

STEP 3SELECT OPTION

Once the application is processed, we will review the loan options and discuss the various rate and cost scenarios available.

STEP 4GET APPROVED

We will get formal approval for a mortgage loan from one of the lenders in our network, and get you one step closer to move in!

TESTIMONIALS

What Our Clients Are Saying

      
   Sandhu & Sran Mortgages - Abbotsford Mortgage Broker
   132 Google reviews 
  Write a review 
  
 
 
   
 
 
        
   TJ Singh 
 2024-05-31
 
 
  Vikram and Harpreet are very responsive and professional. They will help you expedite your process.
  
 
       
   Sukh Cheem 
 2024-05-12
 
 
  5 stars work and service.and they give good customer service. Vikram and Harpreet helped us arrange mortgage for our home.they are very courteous and professional. I really appreciate you guys for helping us
  
 
       
   Gary Brar 
 2024-05-11
 
 
  We are very happy with the service we received from vikram sran. We are first time home buyers and it was a total stress free experience. Vikram was very responsive and made us feel very confident throughout the whole process, very professional and attentive. He was able to get our mortgage approved and ready within 2 days it was faster than we expected highly recommend vikram if you are looking too get your mortgage done hes the best at what he does couldnt be more satisfied all our relatives and family friends go here aswell. Once again thank you so much vikram 😊
  
 
       
   Crystal Ferenczi 
 2024-05-11
 
 
  We had a great experience. They were ready and willing to answer any questions we had. Went above and beyond to make things work.
  
 
       
   Sarmad Cheema 
 2024-05-10
 
 
  Harpreet was a great help through the whole process. She simplified everything that was required despite the heavy paper work. Would recommend
  
 
       
   Jasleen Kaur 
 2024-04-11
 
 
  "I was extremely impressed with the level of communication and professionalism displayed by my mortgage broker throughout the entire home buying process. They were always available to answer any questions I had and kept me informed every step of the way."
  
 
       
   Lovepreet Singh Marahar 
 2024-04-11
 
 
  I couldn't be happier with the service I received from Vikram Sran. He took the time to understand my financial situation and goals, and then worked tirelessly to find a mortgage solution that was tailored to my needs. I highly recommend them to anyone in need of mortgage assistance."
  
 
       
   Mohomed Shiraj 
 2024-03-02
 
 
  5 star customer service. 5 star customer experience. Helpful at every turn I had a great experience dealing with Nipuna . Definitely recommend to anyone in need of lending specialist broker. Thanks again nipuna
  
 
       
   raman gill 
 2024-01-24
 
 
  We are first time home buyers and was so worried about our whole process for mortgage but sandhu and sran team gave us exceptional service. I think they have full expertise in what they are doing. I highly recommend them for their exceptional services. Thank you so much for the best service.