• 90% Financing up to $766,500 loan amount, with 700 fico
• 80% Financing up to $766,500 loan amt, with 680 fico
• 80% Financing up to $1,000,000 loan amt, with 700 fico Primary residence; Second Homes require 740 fico, but can do 75% financing with 700 fico.
• 80% Financing up to 1,500,000 loan amt, with 700 fico
  5/3 Depository relationship required (Preferred or Private Bank relationship required)
• 75% Financing up to 2,000,000 loan amt, with 700 fico
  5/3 Depository relationship required (Preferred or Private Bank relationship required)
• 80% Financing up to 3,000,000 loan amt, with 700 fico
  5/3 Depository relationship required (Preferred or Private Bank relationship required)
• 0% of the construction budget required for reserves!
• Eligible Property types: Detached Single family residence, Detached PUD, Detached Condominium (defined as
  A detached single-family dwelling that consists of the entire structure and the site. The unit owner is responsible for
  Insurance and maintenance cost.
• 12–18-month construction periods are available (will depend on loan size)
• Fixed or ARMs available.
• One-time closing automatically converts to permanent financing at the end of construction.
• Relationship rate discounts are available.
• Interest-only payments during construction
• No prepayment penalty/recast available at no additional cost!
• Current lot loan must be paid off with a new construction loan.

***Builder must be approved by Fifth Third Bank construction underwriting department.

Who is this not for?
No Self Builds-cannot act as own general contractor, even if full-time “self-employed” (or own) general contracting company
No Spec or Investment Builds
No Pre-starts (Grading is ok)
No Modular, Mobile, or Manufactured homes
No Barndominiums

Construction loans are different animals. They have different rules and qualifying criteria. No feeling is worse than not qualifying for the loan. Especially after you are committed to a lot. It makes for a REALLY bad day and a big mess. All of the loan officers listed on this site specialize in Construction Loans ONLY. They are battle-tested, seasoned, and recommended by your peers. Give them a call!

Do you want Construction Loan Specialist to contact you? We’ve made it really easy. Drop your name and phone number in the form on this page and We’ll let him know you’re looking for him.