J Ballard Construction is excited to work with Atlantic Bay Mortgage Group® as our preferred lender to help turn your blueprints into brilliance.
They’ve been “lending peace of mind” for 30 years, with new home construction being a top focus - and many happy clients to prove it! Atlantic Bay offers custom-fit financing for your custom-built home and a team of experts dedicated solely to your success. You’ll love their one-time closing process, flexible loan product options, and thorough communication from start to finish so you’ll always know where your construction process stands.
Want to know more?
Preferred Lender
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Meet Taylor, Mortgage Banker
Get more information about Taylor Moise with Atlantic Bay Mortgage Group, home loan information, and tools for buyers.
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New Construction Loan Process
Download the step-by-step guide to find out more about what to expect when you work with Atlantic Bay Mortgage Group.
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Start Your Application
Ready to get started? Follow the link below to start your home loan application today.
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A 1x close means you close once at the start of construction. The construction loan and final mortgage are combined, often saving time and closing costs.
A 2x close means you close twice, once for construction and again when the home is finished, which usually means two sets of closing costs.
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No. You do not have to use a specific attorney. However, we do have a preferred attorney we work with who does a great job and is very familiar with the new construction process.
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Some buyers lock their rate early with an extended lock, while others wait until the home is closer to completion. Your lender will help you choose the best option based on timing and market conditions.
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Lenders review your credit, income, assets, the construction contract, plans and budget, and the builder’s qualifications. The process can take longer than a resale, but your lender will guide you through it.
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The builder is paid in phases, typically through six draws, not all at once. Funds are released after inspections confirm each stage of construction is complete. During construction, the borrower usually pays interest only on the funds that have been drawn.