Construction Loan

Build the home you imagined.

From breaking ground to moving in, an MHV construction loan finances your build in stages — with local experts who understand what it takes to build in the Hudson Valley.

Get Started Today
Stage-based funding
Local builders welcome
Dedicated guidance
Why MHV

Financing built for building

Stage-Based Draws

Funds are released in phases as your project hits key milestones.

For New Builds

Finance ground-up construction of your primary home.

Construction-to-Permanent

Roll your construction loan into a permanent mortgage when the build is done.

Local Expertise

Work with a team that knows local builders, permits, and timelines.

Clear Process

We help you organize plans, budgets, and contractor details up front.

Builder-Friendly

We coordinate with your builder so draws and inspections stay on schedule.
How It Works

How a construction loan works

Plan & Budget

Bring your build plans, budget, and builder details to get started.

Apply & Approve

We review your plans and approve your construction financing.

Build in Phases

Funds are drawn in stages as construction milestones are completed.

Move In

Convert to a permanent mortgage and settle into your finished home.
Your Team

Who Will I Work With?

Build with confidence alongside a local team that knows construction lending in the Hudson Valley.

Bill Walsh

Bill Walsh

Mortgage Originator
NMLS #: 454307
Putnam

Branches Covered:

Poughkeepsie
Michael Riger

Michael Riger

Mortgage Originator
NMLS #: 2662550
Westchester, Putnam, Rockland

John Reidy

Mortgage Originator
NMLS #: 408662
Dutchess, Putnam

Denise Quinn

Senior Mortgage Originator
NMLS #: 454310
Rockland, Sullivan

Branches Covered:

Middletown

Tom McHugh

Mortgage Originator
NMLS #: 697524
Putnam, Westchester

Branches Covered:

LaGrange Fishkill

Dan Lusignan

Mortgage Originator
NMLS #: 697521

Branches Covered:

Red Hook Rhinebeck
Guy Greco

Guy Greco

Mortgage Originator
NMLS #: 2213002
Rick Farrow

Rick Farrow

Mortgage Originator
NMLS #: 800674
Rockland, Sullivan

Branches Covered:

Newburgh

Shawn Simmons

Mortgage Loan Officer
NMLS #: 19601
Membership Advantage

Explore all your mortgage options

Building, buying, or refinancing — MHV has a path for every home goal.

Refinance

Lower your rate or tap equity later.

Home Equity

Fund future projects with equity.

Local Experts

Guidance from your community.

Competitive Rates

Member-first mortgage pricing.

All Mortgage Options First-Time Buyer
Constuction Loans

Construction loan questions

A construction loan funds your build in stages rather than as a single lump sum, with draws released as work is completed. Many convert to a standard mortgage once the home is finished.

Having a builder, plans, and a budget ready helps the process move smoothly, and our team can guide you on what documentation is needed.

It combines your construction loan and your permanent mortgage into one process, so you don’t have to close twice when the build is done.

Funds are disbursed in draws tied to construction milestones, often with inspections to confirm progress before each release.