Construction Loan
Typically, when you build a home, your builder will ask you to obtain a Construction Draw Loan, which will allow your builder access to funds as they build your home. Mercantile Bank offers One-Time Close Construction Loans, which means you only have to close one time with us. You pay just one closing fee and have a mortgage program that will convert from a construction loan to a mortgage without any additional fees.
End Loan
Your builder may provide temporary financing for your new home while they build it, and will ask you to obtain a mortgage when the house is completed. We can help!
Renovation Loan
Looking to renovate your current home or purchasing a home that may need some tender-loving care? We can assist with a Renovation Loan. We offer both a Renovation Mortgage and a Renovation Home Equity Second Mortgage.
Lot and Land Loans
Not quite ready to build, but you've found the perfect location? We can help you with lot and land financing.