New Construction Loan
Where others see a plot of dirt, you see the home of your dreams. Perhaps you even see the perfect neighborhood to meet your community’s unique needs. You’ve made the plans — let us fund your potential. A new construction mortgage can help builders and investors secure up to 100% of their construction project costs for single family or multi-family properties.
New Construction Loans are especially attractive to…
- Buyers with no real estate experience who want to build a customized home.
- Developers who want to build 1-5 units at a time from the ground up.
- Experienced large volume investors looking to develop 5-20 multi-family properties.
Up to 100% of costs
Funding is available for up to 100% of construction costs.
Borrowers can fund up to 75% of the land value for land that is developed to use.
No real estate experience needed
Borrowers without real estate experience may be eligible for an exposure limit up to $500k
Exposure limits available
Experienced investors and builders can be approved for a maximum exposure limit to fund multiple projects at one time.
Funding from $100K – $2MM
A wide range of funding available for single family and multi-family properties alike.
90 days minimum interest
Keep project costs affordable by only paying interest for the first 90 days.