• 10% down payment up to $1,250,000 loan amount
• 20% down payment up to $2,500,000 loan amount
• 25% down payment up to $3,000,000 loan amount
• Fixed term and ARM available
• Value-based on as-completed appraised value
• Equity in the lot goes towards down payment
• 680 minimum credit score
• Primary residence and second homes eligible
• 12 or 18 month construction phase available
• One-time closing automatically converts to a permanent loan at end of construction
• Rate float down at the end of construction
• Interest-only payments during construction
• Lot/land loans up to $750,000
• No prepayment penalty
• Manufactured homes eligible
• No spec or investment builds
• No projects already under construction

Construction loans are different animals. They have distinct rules and qualifying criteria. No feeling is worse than not qualifying for a loan after you are committed to a lot. It makes for a REALLY bad day and a big mess. All 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 a 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.