Our Builder Loan allows you to take direct control of building your credit score, by allowing you to collateralize your own loan through an Advia savings account. Since the loan is secured, you'll be afforded a low competitive fixed interest rate, while demonstrating your ability to make payments in full and on time. Not only will you walk away with an improved credit score, but you’ll have built up a savings account!
The Builder Banking offers you not only financing that is specific to your project needs, but also the experienced bankers and high level of service that you deserve. We take the time to find out what is important to you and put together financing that best serves you.
If you are an owner builder, be aware that some institutions place tighter restrictions on this type of lending – or may even not lend at all. The restrictions can include a reduction in the amount available to borrow opposed to a person who uses a separate licensed builder under a fixed price contract.The tighter restrictions or inability to borrow are in place due to the owner builder loans being classed in a higher risk category.