Fund the ground-up construction of residential and commercial properties.
$200K – $20M
Loan Amount
7% – 13%
Typical APR
12 – 24 months
Loan Term
14 – 30 days
Funding Time
Construction loans are short-term loans that finance the building of a new property from the ground up. Funds are disbursed in stages as construction milestones are completed. Once construction is finished, the loan is either repaid or converted into a permanent mortgage.
Minimum Credit Score
660+
Custom Home Building
Build a fully custom residential home on your own land
Spec Home Construction
Build homes for immediate sale in a desirable market
Commercial Development
Construct office buildings, retail centers, or mixed-use projects
Multifamily Development
Build apartment complexes or condominium developments
ADU Construction
Add an accessory dwelling unit to an existing property
Land & Infrastructure
Fund land preparation, utilities, roads, and site improvements
From application to funding — here is exactly what to expect when applying for a Construction Loans.
Provide architectural plans, a construction budget, and a licensed contractor's bid for review.
Lender reviews plans, appraises the completed value, and confirms land equity or down payment.
Funds are released in draws at each construction milestone, verified by an inspector.
Once complete, the construction loan converts to or is replaced by a permanent mortgage.
Min. Credit Score
660+
Down Payment
20% – 30%
Licensed Contractor
Required
Detailed Plans
Architectural plans required
Debt-to-Income
Below 45%
Land Ownership
Owned or simultaneous close
Advantages
Finance land and construction in one loan
Interest-only during construction phase
Can convert to a permanent mortgage
Customize every detail of your build
Considerations
Complex approval with detailed documentation
Delays in construction can increase costs
Requires significant down payment
Submit your application in under 10 minutes and get matched with top lenders offering competitive rates tailored to your profile.