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Are You Ready To Build Your

Dream Home?!?

Your complete guide to building a house!

Eliminate the potential pitfalls associated with building a new home. 

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Gracie says it's Doggone Easy To Build when you follow the Mykala Mortgage Teams guide.

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Discover the 9 Most Common Problems When Building Your New Home... And HOW TO AVOID THEM 

Building a new home is already stressful enough. The last thing you need is unexpected problems to help complicate matters.

I have compiled a FREE REPORT based on years of observation, feedback and guidance from some of the areas top builders and from first hand experience with past clients who have encountered many of the problems revealed in this report. 

Take a few minutes to read it and save yourself thousands in possible unnecessary costs and the time and anxiety of unwanted problems.

Thank you! Check your email for your FREE report.

  • How much money do I need to buy and renovate my home?
    For eligible and qualified borrowers, you can put as little as 3% down on the home and renovation cost combined.
  • What if I already own my home and want to renovate, is there a wat I can add my costs into my mortgage?
    Yes. If you already own your home and are thinking it is time for renovations, you can potentially refinance the renovations into your current mortgage.
  • What can/cannot be financed with a renovation loan.
    The proceeds from financing are to be used for renovations on an existing dwelling and cannot include the demolishing or building of a new dwelling. Personal property cannot be included, with the exception of appliances.
  • How do I know what renovations will/will not add value to my home?
    When renovating a home, it is important to know which renovations will or will not add value to your home. There are many resources available, and we have provided a video with more in-depth information about value adds. However, your real estate agent is your best resource as they will have specifics with the area and property.
  • Who can do the renovations for my projects?
    Any licensed contractor can complete the renovations for your property.
  • Are renovation loans only for First Time Home Buyers?
    No. Renovation loans can be an option for anyone and are not strictly for first time home buyers.
  • What does the renovation loan process look like?
    You will first want to reach out to our team for a pre-approval. This will give you an idea of where you are as you begin the house hunt. You will then find, or a team member will recommend, an agent and contractor to work with that will collaborate on a property and the renovations you have envisioned. Once you find a property and you receive an accepted offer, you will finalize your renovation plans, and begin the process of closing on your house. Lastly, let the renovations begin!
  • How long is my pre-approval good for while I am looking for a house?
    Your pre-approval is good for 30 days once it is issued. If you have not found anything within those 30 days and would like an updated letter, you can give us a call and we can update your file as necessary.
  • How/Where do I start to get more information about my potential renovation loan?
    The first step is to reach out to us for your questions and receive a pre-approval. This will give you an idea of potential property and renovation costs would work just for you.

Common Mistakes Made By Other Lenders

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How To Save Thousands Of Dollars With

The Right Construction Financing

Not every lender is the same. Quite frankly, in the realm of new construction there are very dramatic differences among lenders. We suggest selecting a lender that works with you and your builder to customize a construction loan that works best for your individual needs, rather than fit a cookie cutter stamp for their own convenience.

We also suggest selecting a lender that is experienced in dealing with new construction. Inexperienced loan officers and banks or mortgage companies that have limited construction lending experience can set the stage for both financial loss and emotional crisis.

Why Mykala Mortgage?

Don't take our word for it,
hear what our clients have to say!



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12 Most Common Questions

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 Construction Loans

If there is one loan program I have always loved, it's construction loans. I think it is because I have built a home, remodeled two homes, and had countless rehab projects on investment properties.  While I won’t proclaim to be the best carpenter, I do know my way around the construction arena and have written millions of dollars in construction financing. 


With more than 2 decades of lending experience, I can honestly say that Dart Bank has the best construction programs that I have seen in my tenure. When you work with our bank in Chelsea, MI, construction loans offer tremendous flexibility:

  • Down Payments with less than 20%

  • One time closings that help save on costs and lock into interest rates

  • Builder friendly draw process

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