New Construction Loans

New Construction Loans

Aggressive new construction loan programs for experienced developers looking to scrape and build or purchase land. Terms can be tailored to projects as necessary. Apply online for that new build mortgage today.

  • Property Types
  • SFRs, Condos, PUDs, 2-4 units, Multifamily, Mixed-Use
  • Loan Amounts
  • $350,000 - $25,000,000
  • LTC
  • Up to 90% of total project cost (land + construction)
  • LTV
  • 75% of After Repair Value
  • Rate
  • 7.5-9.5%
  • Points
  • 2%, depending on loan amount and location
  • Term
  • 12-24 months, interest-only, no prepayment penalty, extensions available
  • Ownership
  • Held in a Corporation or LLC
  • Min Guarantor FICO
  • 650
  • Guarantor Experience
  • Previous experience required
  • Guarantor Background
  • No BKs or foreclosures for past 5 years
  • Property Location
  • Nationwide except MN, ND, SD, and VT.