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Construction Loans

Buy, Build, Remodel

When it comes to construction financing, Timberland Bank's construction loan programs are widely regarded as the best-of-kind in the industry. You have the confidence of knowing that our programs have been tried and tested by thousands of satisfied home builders in communities throughout Washington. 

With our flexible financing options and knowledgeable lenders, you are assured that your construction financing is done correctly.  Your lender will work with you to determine the best financing option for your circumstances. 

Construction Financing  

The two-step construction loan provides financing for loans that exceed 80% loan-to-value. You pay interest only during the construction phase as funds are used. The construction term is 12 months. Your loan officer will assist you with converting to permanent financing.

Whether you hire a contractor or choose to build your own home, you can depend on our professional lenders, experienced in all the details of construction financing to guide you every step of the way from land purchase to complete home.

Custom Home Loans

Timberland Bank welcomes those who wish to take advantage of our Owner-Builder program. As an owner-builder you will actively manage your home construction project with the guidance of an experienced and local lender.

Experienced Builders Prefer Timberland Construction Loans

  • Competitive loan to value ratios
  • Knowledgeable lenders, proficient in the details of construction financing.
  • Flexible construction terms
  • Our Cost Breakdown worksheet helps you manage your construction budget
  • Disbursements through Built to all sub-contractors and suppliers
  • Online inspection requests through Built offer added convenience
  • Local loan servicing for better service; we don’t sell your records

For more information or to speak to one of our construction loan specialists, please contact us online or call 800-562-8761 to be directed to a lender at the branch nearest you.

Locate a Lender

Our lenders are widely regarded as construction financing experts. Contact a Timberland Bank Lender in your area and let's talk about what you want to accomplish.

Construction Loan Checklist

Are you ready to take the next step? This list can help ensure you have all the items that may be needed to proceed with your construction loan application.

Construction Resources

We have been in the building business for more than half a century and along the way, we have built up resources to make financing your construction project as easy and stress-free as possible. 


We partnered with Northwest Construction Control (NWCC) and Built in order to provide timely and qualified inspections for your construction project. To schedule an inspection, login to your Built account.


Construction Vouchers allow you to control your budget as you match your construction budget to actual dollars spent.  Vouchers are used to disburse funds for your construction project to your vendors. This payment process provides a system of controls as you match your construction budget to the actual dollars spent for the work.

Here's how our Construction Voucher program works: 

  1. Before you begin work on your construction project, please inform your suppliers that they will be compensated using our Construction Voucher program.
  2. An inspector will visit your job site at your convenience to document completed work.
  3. We will then issue a cashier's check for each voucher at our office for only materials or labor marked complete on the inspector's report. An invoice stating the entire cost of the materials or bid must accompany these vouchers.
  4. You may present our Construction Vouchers to a wide variety of contractors and merchants. 
Our Construction Voucher program is a convenient way to disburse funds for your project to your vendors. 

Manage Your Construction Loan With Built

Start Building With Built

Keep your competitive edge and join 135,000+ other builders using the Built platform. Built streamlines the process of communicating and exchanging information through a draw experience that exceeds expectations. The online platform offers a unique digital experience for requesting funds and monitoring all loan activity to help ensure your projects are completed on time and on budget.

See How to Request Draws

Built Benefits

See a reduction in draw turnaround time, pushing projects forward faster.
Digital Experience
No more paper management. Built is tailored to meet the needs of your project and accessible online anytime, anywhere.
Project Tracking
Easily monitor construction progress updates in real-time. Inspectors can log progress directly into Built for visibility.
Portfolio Visibility
Gain visibility into your overall exposure to help determine your budgets and spending.

Frequently Asked Questions

Timberland Bank has partnered with Built Technologies, Inc. ("Built") to provide software that manages your construction draw process with transparency for all parties. Draws should be requested online through the Built platform. If you have not received a login for Built, you will be sent one after closing when your Construction Budget is set-up in Built.

After your inspection has been placed, the typical draw disbursement turnaround time is 3-5 business days.

Funds will be sent in one of the following ways: ACH Direct Deposit, Wire Transfer, or Check.

All inspections are performed by the third party inspector contracted by Timberland Bank: Northwest Construction Control, Inc.

Funds are disbursed based on percentage of completion, per inspections facilitated by Northwest Construction Control, Inc.

Draws are submitted typically one time per month, or as needed to pay subcontractors and suppliers as each build progresses.

You may upload documentation under the “Files” option.

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Home Loans

We are proud to offer flexible purchase financing to fit your unique needs and lifestyle. 

Learn about home loans

Lending Resources

Our goal is to provide you with a worry-free lending experience from start to finish. These applications and resources can help you navigate the loan process.

Learn more about our lending resources