Husband and wife going over plans for new house

Construction Loans

Buy, Build, Remodel

Home builders prefer Timberland Bank's construction loan programs because of our competitive loan to value ratios, knowledgeable lending, and local loan servicing. When you finance your construction project with Timberland Bank, you have the confidence of knowing that our programs have been tried and tested by thousands of satisfied home builders in communities throughout Washington. 
 
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 completed home.
 

Construction Financing  

We offer a 2-step construction loan that provides financing exceeding 80% loan-to-value as well as an all-in-one option. You pay interest only during the construction phase as funds are used. The construction term is 12 months and then our loan officer will assist you with converting to permanent financing.  Plus our Construction Voucher program can help manage your budget and provides disbursements to all sub-contractors and suppliers.
 

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.
 

Request Information about Construction Loans

When it comes to construction financing, our programs are widely regarded as the best in the industry. 
Contact us to learn more about Timberland Bank construction loan programs

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.
 

Cost Breakdown Worksheet

We created the Cost Breakdown Worksheet to help you get a full view of the costs of your construction project.
 

Additional Construction Solutions

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. 
 

Construction Inspections

We partnered with Northwest Construction Control (NWCC) in order to provide timely and qualified inspections for your construction project. To schedule an inspection, please visit NWCC's website
 

Construction Vouchers

Our Construction Voucher program allows 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 and ensures your project is completed lien-free.

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 including Home Depot. 
Our Construction Voucher program is a convenient way to disburse funds for your project to your vendors. Contact us for more information or visit our Construction Voucher FAQ page to learn more. 
welcome mat in entryway of a home
Man riding in kayak.
 

Home Loans

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

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.