What Is a Land & Build Loan?
A Land & Build Loan helps you finance the purchase of land **and** the construction of your new home in one convenient process. Funds are released in stages (called draws) as your build progresses—so you only pay interest on the portion used.
It’s the perfect solution if you’ve found the ideal homesite but want the freedom to design your home from the ground up—without juggling multiple loans.
How the Process Works
1. Land Acquisition
Finance your homesite first—or include it in one combined Land & Build package. Russ will help determine the best approach for your timeline.
2. Construction Draws
Your builder receives funds in stages as work is completed. You pay interest only on what’s been drawn, not the full loan amount.
3. Move-In & Convert
Once construction is complete, your loan seamlessly converts to a standard mortgage with one convenient closing.
Why Builders & Borrowers Trust Russ
Russ Fitzpatrick and CMS Mortgage Solutions bring a hands-on approach to Land & Build Loans — guiding you from blueprint to move-in with clarity, speed and personal attention.
- ✅ One-time close: finance land + construction + mortgage in a single loan.
- ✅ Interest-only payments during the build phase to keep cash flow easy.
- ✅ Fast draw turnarounds and builder-friendly process.
- ✅ Guidance through permits, inspections and final conversion.
Russ Fitzpatrick
Mortgage Loan Originator • NMLS #2712875
Licensed in Florida, Georgia, and North Carolina
CMS Mortgage Solutions, Inc. • NMLS #212405
cmsmortgagesolutions.com
NMLS #212405 | Licensed to Do Business in the State of AL, AZ, CA, CO, DE, DC, FL, GA, ID, IN, LA, ME, MD, MI, MS, NM, NH, NC, OK, SC, PA, TN, TX, VA, and WV
A MORTGAGE BROKER ONLY, NOT A MORTGAGE LENDER OR MORTGAGE CORRESPONDENT LENDER
www.nmlsconsumeraccess.org
Equal Housing Opportunity
This page is maintained by Russ Fitzpatrick for educational and informational purposes.
It is not an official CMS Mortgage Solutions corporate page and does not constitute a loan
commitment or approval. All loans are subject to credit and underwriting approval.
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