xImportant Alerts

Jefferson Bank will never initiate contact with you and ask you for account numbers, passwords, PINs, or secure access codes. Should you ever feel like your information has been compromised, please contact our Fraud Department at (210) 736-7474.

Ready to build your new house?
We're here to help!

Deciding to build a home requires a commitment of your time, energy, and resources, but your patience and planning will be worth it every time you walk through the door. Understanding the major milestones of this endeavor will help pave a smoother path to the home of your dreams. Your Jefferson Bank Mortgage Loan Officer will guide you through the process, working with you and your builder to make your vision a reality.

Couple walking through Home under Construction

A Quick-Start Guide to Building and Financing a House

One-time Close

  • Offers a short-term loan during construction, then automatically converts to a permanent adjustable-rate loan upon completion of the house
  • Borrowers make interest-only payments for two years

Two-time Close

  • Requires two separate loans — one for construction and one for permanent financing once the home is complete
  • Borrowers make interest-only payments for one year
  • Construction loan is paid off by permanent loan, leaving one monthly mortgage payment

Major Milestones

1. Vision

  • Determine your style, including desired features and amenities
  • Know your budget

2. Location

  • Identify the neighborhood or area
  • Research taxes, topography, and utilities
  • Purchase your lot — we can help with financing for that too!

3. Get Prequalified

  • Work with your Jefferson Bank Mortgage Loan Officer to determine how much you can afford

4. Find Your Builder

  • Research local builders at your price point
  • Ask for references

5. Design and Plan

  • Finalize blueprints
  • Make material selections
  • Review bid
  • Sign contract with builder

6. Close Construction Loan*

  • Present final plans and estimates to Jefferson Bank Mortgage Loan Officer

7. Construction Begins

  • Request periodic draws from construction loan as needed for builder
  • Make interest-only payments during construction period

8. Construction Complete

  • Arrange for final inspection

9. Close Permanent Financing**

  • Pay off construction loan
  • Establish monthly mortgage payment

10. Enjoy Your New Home

  • Get your keys
  • Move in

*For a one-time close, this will include construction and permanent financing.

**Only for two-time close.

Notices & Disclosures

Jefferson Bank is chartered under the laws of the State of Texas and by state law is subject to regulatory oversight by the Texas Department of Banking. Any consumer wishing to file a complaint against Jefferson Bank should contact the Texas Department of Banking through one of the means indicated below:

  • In Person or U.S. Mail : 2601 North Lamar Boulevard, Suite 300, Austin, Texas 78705-4294
  • Telephone No: (877) 276-5554, Fax No.: (512) 475-1313
  • Email: [email protected]
  • (link sends e-mail)
  • Website: www.dob.texas.gov

Investment and Insurance Products are:

  • Not insured by the FDIC or any Federal Government Agency
  • Not a Deposit or Other Obligation of, or Guaranteed by, the Bank or Any Bank Affiliate
  • Subject to Investment Risks, Including Possible Loss of the Principal Amount Invested

Deposit products offered by Jefferson Bank. Member FDIC

NMLS# 597833