ATB Mortgage Solutions:

Residential Builders Mortgage

Your Building Options

After you have obtained your pre-approved ATB Financial mortgage, build your home through one of these flexible builder programs:

1. Qualified Builder

Having your new home built by a qualified new home builder provides peace of mind by acquiring the expertise of the builder at a fixed contract price. Some builders offer added peace of mind even after your home is built through a new home warranty plan.

Steps to Build Your Dream Home:

Step 1 - What's needed? We can help you obtain these items.

Signed & accepted copy of building contract.

Builder's construction specifications, or completed Form 3570, House Building Outline Specifications.

One complete set of house plans and working drawings (blueprint).

Site plan showing legal description, proportionate dimension's of property in detail, proposed location of house on property and other improvements.

Directional map to property.




Step 2 - A Market value of new home to be built

An appraisal of new home to be constructed will be obtained. Appraisal may not be required if the builder is a member of a recognized warranty plan (fee may apply).




Step 3 - Build Your New Dream Home!

2. Self - Builder

If you have good knowledge of the home building process you can act as your own general contractor to oversee and build your new home. Arranging and overseeing the construction of your new home does require expertise and a great deal of time. However, there can be pride achieved through more direct involvement.

Steps to Build Your Dream Home:

Step 1 - What's needed? We can help you obtain these items.

Copy of land contract if land is being purchased or copy of land title if owned.

Completed Form 3570, House Building Outline Specifications.

One complete set of house plans and working drawings (blueprint).

Site plan showing legal description, proportionate dimension's of property in detail, proposed location of house on property and other improvements.

Completed Form 3580 Cost Projection for New Home Construction.

Directional map to property.




Step 2 - A Market value of new home to be built

An appraisal of new home to be constructed will be obtained (fee may apply).




Step 3 - Build Your New Dream Home!

Your Home is Built in Stages...

...Your Mortgage is also Advanced in Stages!!

When the construction of your home has progressed to an appropriate stage, a portion of your mortgage may be advanced to pay for the work completed (subject to a lien search of the title). An inspection may be required prior to an advance of the mortgage to ensure the work has been completed (fee may apply).

• Pre-construction (if necessary)

  A portion of the mortgage may be advanced prior to commencement of construction to pay a portion of the land price.

• 1st Progress Draw

  Basement ready for backfill 16% of approved mortgage advanced

• 2nd Progress Draw

  Interior ready for drywall 33% of approved mortgage advanced

• 3rd Progress Draw

  Drywall installed and taped 26% of approved mortgage advanced

• 4th Progress

  House completed 25% of approved mortgage advanced

Further details available at your local branches.

For more information on ATB Financial's mortgage solutions, visit any branch of ATB Financial, or call us today at 1-877-424-4045 (toll free). For the branch hours and address of the ATB Financial location nearest you, please use the Branch Locator.

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