At SouthState, we believe homeownership should reflect the unique needs of every borrower. That’s why our Construction and Renovation loan was created to give families, first-time buyers, and community members the flexibility to build or improve the home that’s right for them.
Whether you’re starting fresh with new construction or updating your current space, this loan provides financing of up to 85% of the home’s value(1). During the build or renovation phase, you’ll make interest-only payments, helping keep costs manageable while materials and labor come together. Quick and flexible disbursements ensure contractors are paid on time, keeping your project moving forward.
Once your home is complete, the loan converts seamlessly into a permanent mortgage, meaning you only have to close once. That saves you both time and money while creating a smoother path to homeownership. Even better, this loan can be tailored to meet a wide variety of needs, from building a first home to renovating an older property, adding more room, or making accessibility improvements.
At SouthState, our goal is to ensure financing options are available for everyone in our community. By offering construction and renovation solutions that work for a range of incomes, home values, and family needs, we’re helping people achieve homeownership while empowering them to create a home that truly fits their lifestyle.
Let’s turn your vision into a reality, contact us to get started on your construction or renovation project!
Disclaimers: All loans are subject to credit approval and program guidelines. SouthState Bank, N.A. NMLS ID #403455. Member FDIC. Equal Housing Lender. 1. SouthState will loan up to 85% based on the lesser of the lot value plus costs to construct or projected completed appraised value.
