New Construction Loans
Financing for ground-up residential construction projects, with funds released in draws tied to construction milestones.
- Financing for ground-up builds on owned or simultaneously-purchased land
- Draws released at defined construction milestones, inspected before release
- Interest-only payments during the build, based only on funds drawn
- Available for builders and, on some programs, owner-builders
- Can be structured to convert to permanent financing at completion
Ask About New Construction
New construction financing tracks the build, not a finished asset — the property doesn’t exist yet, so the loan is structured around draws at each construction milestone, verified by inspection, rather than a single lump-sum closing.
Who This Is For
- Experienced builders financing a spec or contracted build
- Investors developing a lot they already own or are purchasing
- Buyers who want to build rather than buy existing inventory
New Construction FAQs
Do I need to already own the land?
No, land acquisition can often be financed as part of the construction loan, or you can bring land you already own as equity.
How do construction draws work?
Funds release at defined milestones — foundation, framing, mechanicals, finish-out — after an inspection confirms the work is complete.
Does this convert to a regular mortgage when the build is done?
On some programs, yes — a construction-to-permanent structure rolls into long-term financing at completion without a second closing.
Do I need building experience to qualify?
Programs generally require an experienced, licensed builder or general contractor on the project, whether or not that's you personally.
Related Resources
Ready to Talk Through New Construction?
Tell us about your situation and we'll tell you honestly what it will take to qualify.
