Enhance your business with service, tools, and knowledge that’s a step above.
Successful builders grow with trusted, transparent lenders.
Count on our years of experience in financing new construction projects—including custom homes needing Construction-to-Permanent (C2P), production homebuilders, and condominiums—to make your business goals achievable.
With Truist, you’ll enjoy a dedicated loan officer and team to guide your homebuyers from application to closing. You’ll stay informed every step of the way, so you can satisfy buyers and build relationships that help you prosper.
When builders work with Truist, they get:
A single point of contact backed by a dedicated construction-loan support team.
Weekly customized status reports.
Knowledge, advice, and perspective on changes in the industry.
Access to Truist products and services, including digital preapproval and mortgage applications, a mobile app to track loans, calculators, guides, free first-time homebuyer seminars, and more
Your dedicated Truist Loan Officer will work to understand your production timelines, contracts, plans, change addendums—every aspect of your business. Whatever your clients’ homeownership goals, we’ll be in sync with your vision of achieving them.
Why work with Truist?
Our team has specialized knowledge designed to drive business for Builders. We know how to:
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We’re selective of the new construction appraisers we work with, so you can expect more accurate appraisals. Our approved list of independent appraisers are highly experienced with valuing new construction properties and can take builder upgrades into account.
Homes under construction can be subject to pricing changes before they’re finished, which gives some lenders headaches. Our team handles nothing but loans for construction buyers like yours. Our processors understand builder contracts, earnest money and seller-paid closing costs, and can expertly manage change addendums.
We submit all loans we fulfill for our builders to underwriting right away, even if funds from outside sources aren’t immediately available. If your buyer needs to sell another house, liquidate some investments, or accumulate more savings for a down payment, we understand. Our underwriters will review the fund source documentation closer to closing.
Final inspections and issuing the Certificate of Occupancy (C.O.) can occur prior to the scheduled closing. To help ensure we keep closings on track though, we will release the closing package (not the funding) without a final inspection or C.O.
We stick to timelines and expertly navigate changes to it as required by the TILA-RESPA Integrated Disclosure Rule (TRID). We get the Closing Disclosure into the borrower's hands at least three days prior to Closing to keep things moving smoothly right to the end.
State of residence
Ready to work with Truist?
Contact one of our Division Builder Managers to get started.
Ken S. Bernardo
Specialized Markets Manager
North Carolina, Tennessee, Kentucky, North Texas, and Cincinnati, Ohio