Nationwide Construction Loans
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Which loan is right for me?
Years
in the house		 Recommended Program
1 - 3 3/1 ARM, 1year ARM or
6 month ARM
3 - 5 5/1 ARM
5 - 7 7/1 ARM
7 - 10 10/1 ARM, 30 year fixed or
15 year fixed

Owner Builder Construction Loans

Construction to Perm, Owner Builder with License.
If you are a licensed contractor in the home building business such as an electrician, plumber, framer, etc most of our best lenders/banks provide construction to perm loans for 30 year fixed, 3/1, 5/1, 7/1, and 10/1 ARM's.

The home that you are building will need to be your primary new home and to qualify as owner builder you must provide references and trade references.

Construction to Perm, Owner Builder with Supervisor.
This construction to perm construction loan allows you to qualify as owner builder if you hire a licensed contractor as your supervisor on your new home. Our best lenders/banks provide construction to perm loans for 30 year fixed, 3/1, 5/1, 7/1, and 10/1 ARM's.

Construction Loan, Owner Builder, 6 to 9 Month, Credit Score 580 or Higher.
This construction only loan allows you to be owner builder with credit scores of 580 or higher. This no doc construction loan requires that you have at least 15% cash equity in the project with loan amounts of $600,000 or lower.

The above loans are available for qualifying as full documentation, stated income, no ratio and reduced documentation. Call for details.

Request a Quote Today
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STEP 1:
Receive Quotes From up to 4 Top Lenders in your area.

It's easy! Just complete the form and our home building specialist will call or email you up to 4 different quotes from the top lenders.
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10 Construction Loans Misconceptions

A land purchase can easily be added into the construction loan.
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Construction loan rates are the same as all mortgages.
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You have to make a payment during construction.
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Construction loans are just as fast and easy to complete as any loan.
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Most banks allow owner builder.
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The largest lenders have the best rates and programs.
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No money down construction loans are easily available.
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All banks value construction loan projects the same way by appraised loan to value.
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Most loan officers are capable of providing a construction loan.
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Going directly to a bank is less expensive than working with a broker.
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