New construction site

New Construction Loans

If you're buying a property to demolish and rebuild, or developing vacant land, this is the ideal product for you. Available for 1–4 family properties.

Get Prequalified

Your Construction Strategy, Step-by-Step

Step 1

Submit Ownership or Contract

Upload proof of ownership or purchase contract >

Step 2

Provide Scope & Permits

Share budget, plans, and permits >

Step 3

Appraisal & Closing

We order ARV appraisal and close fast >

Blueprints and construction site

Build From the Ground Up

Whether you're starting fresh or developing vacant land, our loans are built for speed and scale.

Explore the product

Terms

Purchase Financing

Up to 50% of purchase price without permits
Up to 65% with permits

Construction Financing

Up to 100% of construction costs
Up to 75% Loan-to-Cost (LTC)

Loan Structure

Interest-only monthly payments
One-year term with extensions
No prepayment penalty

Process

Step 1

Submit contract or proof of ownership

Step 2

Provide scope of work, budget, plans, and permits

Step 3

We order ARV appraisal and close when you're ready

Borrower Requirements

Entity Ownership

Loans must be made to an LLC or corporate entity

Credit Score

Minimum FICO score of 680

Experience

Proof of 3 new construction projects
Exceptions for extensive fix-and-flip history

New Construction Loan FAQs

Can I use this for vacant land?

Yes. This product is ideal for ground-up development on vacant land.

Are second-home markets eligible?

No. We do not offer ground-up construction loans in second-home markets.

Do I need permits before applying?

No, but having permits increases your eligible loan amount.