Construction & Land Acquisition
Our team of experienced lenders take the time to understand your goals, educate you on available options and work together to find the best fit for you.
Lending decisions are made locally so your financial information stays local and decisions are made fast. Contact a member of our lending team today to learn more!
New Construction
Financing new construction is slightly different than financing an existing home. A new construction loan from Royal Bank provides flexible payment options during construction, allowing you to pay interest only during the construction period. Once construction is complete, explore permanent home loan financing options.
- Interest-only payments during construction
- Explore fixed-rate options upon completion of construction
- No hassle payments to contractors during construction
Land Acquisition
Your dream home starts with a dream location. Whether you’re looking to build right away, build in the future or invest in a piece of land, a land loan or lot loan from Royal Bank provides security for financing your dream property. Land acquisition loans are available for any amount of acreage, from a residential lot to 200 acres or more. We also offer highly competitive rates and flexible terms.
- Immediate or future building site
- Investment property