Construction Loan Financing

We are committed in helping you obtain a competitive construction loan for your project and navigate you through the common risk, complexities, and challenges within construction financing.

1-4 Unit Residence

Up to 100% Construction Loan Financing, One-Time Close Fixed Rate Options.

Owner Builder Financing

Providing land acquisition, development, construction and revolver line-of-credit for builders on residential and multi-family projects.

Flexible Underwriting

Builder Loans offers complete construction loan solutions with flexible draw disbursements, for high leveraged construction projects.

Unique Property Structures

Modular Homes, (ADU) Accessory Dwelling Units, Off-Grid Property, Subdivision AD&C Financing, and Pre-Started Projects.

Call Today

Discover why Builder Loans is the right choice for your owner builder and new home construction loan project, click the link below to schedule a call or contact us today.

Owner Builder Construction Financing

  Builder Loans has been committed to helping customers obtain competitive construction loans and owner builder construction loans for projects along the West Coast. Helping navigate through the complexities,  challenges and common risks for Single-Family, Subdivisions and Multi-Family structures for both Primary, Secondary and Investment purposes. Construction financing also provided for Accessory Dwelling Units, Prefabricated, Modular, and Off-Grid Property structures. 

 

Call Now at 415-800-2190

 

“Many times during the loan process, we’ve had the same two thoughts – “How did we find this guy?” and “What in the WORLD would we have done if we hadn’t found this guy??”. That guy is Eduard. He’s the guy you want on your side during the loan process. He saved us time, money, and headaches. I’m annoyingly careful with my money, but he’s worth his weight in gold!”

 

Vanessa S. – Sunnyvale, CA

(Engineer)

“We were referred to Builder Loans by another broker when trying to find someone to fund our construction loan. Eduard G. worked closely with us, found a bank to fund the loan, and helped us through the process. He is very knowledgeable, helpful, and straightforward. We would definitely work with Builder Loans again and have already recommended them to a friend looking into a construction loan. Thank you!”

 

Emalia D. – Acampo, CA

(Engineer)

Builder Loans have done an amazing job in closing a tough and complicated loan for my client. They were quick, thorough and followed up in a timely manner. I would highly recommend Builder Loans to anyone looking for their financing thier construction project. I look forward to the next deal together.”

 

Tanya C – Roseville, CA 

(General Contractor)

“I highly recommend Builder Loans for construction loans. They have made the application process extremely quick and easy!  They were easy to communicate with via e-mail, phone and text. This was my first time ever getting a construction loan, so I had tons of questions during the whole process and his well-informed answers helped me make the decision to proceed with the land purchase. We were able to close and get the loan funded very quickly to my surprise. Highly recommend Builder Loans.”

 

Iris I – San Francisco, CA

(Software Engineer)

Builder Loans has handled client on a purchase land loan. This scenario was not an easy and glad to say, he had no issues closing on time. Thanks You!”

 

Sidney K – Temecula, CA

(General Contractor)

Builder Loans made our land loan process an easy and good experience! They were great to work with and did everything they said they would in record time! Could not have asked for a better company to handle our transaction! I highly recommend their services!”

 

Amanda A – Los Angeles, CA 

(Physician)

 

“Outstanding. Builder Loans has helped educate us on the ins and outs of the construction loan process and the timeline. They were prompt to respond even over the weekend and take pride in their work. I had to get a loan at the last minute as things were not working out with my original plan. Eduard jumped in and worked so fast I got the loan approved even in the tightest schedule.”

 

Phoenix S – Los Angeles, CA

(Fintech Director)

 

“We usually don’t post reviews, but in this case the customer service I received from Builder Loans was impeccable. They were on top of it with frequent follow-ups and always knew the status of my loan. Secondly, they were extremely due diligent and knew what the underwriter and lender would request ahead of time and we received a loan approval with no conditions! They always answered our questions and even continued to educate us after the close of the loan. If you ever need a land or construction loan, Builder Loans is your goto source.

 

Elona B – Roseville, CA

(General Contractor)

“I want to start by saying that it has been a pleasure to work with Builder LoansI was referred to them by a Realtor and working with them has been great from start to finish. We got a pre-approval over the phone, and an official approval within the hour.  From time of application to when we received the loan approval took only 2 weeks. Within a couple days from that we were sitting at our closing, and then two days after that our loan was officially funded.  They were very informative, professional, and very easy to work with.  They followed thru with everything they promised said and did so quickly. Builder Loans specializes in construction financing and  highly recommend them.  

 

Paul B – Sacramento, CA

(Engineer)

Builder Loans made us feel like we were their top priority every step of the way.  They are excellent communicators and were able to quickly and concisely walk us through possible pitfalls in our project. I would highly recommend Builder Loans to anybody looking for help.”

 

JJ M – Patterson, CA

(General Contractor)

“I was incredibly impressed with Builder Loans‘s service. The real estate broker who referred us to them suggested it might take 30 days for me to obtain a loan that I needed in 11 DAYS! I contact Builder Loans and spoke to Eduard wich told me that if I could provide him all the documentation he needed that he would not rule out getting me this loan in my time frame. He did not promise but he sure delivered. I had signing documents at escrow in 4 working days. Amazing! His efficiency was matched by his professional manners and good humor. As a real estate broker I have consistently seen the many things that can go wrong in the loan processing process. I was incredibly impressed with the Eduard’s services. I highly recommend Eduard and his agency – Builder Loans

 

Mae R – Lincoln, CA

(Real Estate Broker)

“I honestly didn’t think it would be possible due to the fact that I had recently started a business. He was able to pull off the impossible and met all of my deadlines. I highly recommend Builder Loans.”

 

Jeremy P – Penryn, CA

(Software Engineer)

Our Advantages

One-Time Close

All primary, secondary and even investment/rental properties qualify for a One-Time Close, All-In-One Construction Loan.

100% Financing

Higher than average Loan-to-Value financing allows you to include both soft and hard costs into the loan.

Owner Builder Loans

Manage your own project, act as a project manager, hire subcontractors and control the payment process.

No TAX rETURNS

Alternative income documentation such as bank statements can be used for borrowers with strong assets, FICO or low Loan-to-Values.

Physician Loan

Physicians are eligible to qualify with only 1-year tax returns, receive discounts on rates, closing cost and offered a higher Loan-to-Values ratio.

ADU, Modular

Accessory Dwelling, Modular, and Prefabricated Home structures may receive an upfront draw on material pre-orders.

off-grid Property

Sustainable, Off-Grid Property, and Log Homes are acceptable for primary and secondary residences.

Fix-n-flip

We offer a Nation-Wide program that allows a 10% down payment on the purchase and 100% Rehab budget. 

Rental & Multi-family

Will use projected rental income to offset the mortgage payment.

Subdivision

Apartments and Subdivision Acquisition, Development, and Construction Loan available at 80% LTV.

Primary Residence

LTV (LOAN-TO-VALUE) UP-TO

100% Construction Financing

Higher than average LTV (Loan-to-Value) financing allows you to include all soft and hard costs into your loan. Such as; mortgage payments, prepaids, closing cost, contingencies, land loan, and other soft-cost items.

 

TERMS

One-Time Close, All-In-One Program

All primary, secondary and rental properties qualify for the One-Time Close and All-In-One Construction Program. This allows you to save thousands in closing cost, and not have to requalify after construction is complete for a fixed-rate term loan.

Construction terms range from 9 to 24 months depending on the size and scope of the project. 

RATES FROM

2.875%

Rates vary based on the type of term you select such as; 5, 10, 15 or 30 year fixed program. They also differ depending on your credit, property type, LTV, LTC, FICO or your property purpose ex. primary, secondary or Investment/rental.

Construction Loan Payments are Interest-Only and are calculated based on funds used, similar to a (HELOC) Home Equity Line of Credit.

EXCEPTIONS & REQUIREMENTS

Pre-Started Project, Land Loans, 680 Min FICO

Pre-Started Projects: Prior to applying for a construction loan you are not required to stop construction to obtain lien priority through an indemnification process and unconditional lien releases.

Land Loan: Available at 75% Loan to Value with a FICO score of 720 or above.

Subdivision & SPEC

LTC (LOAN-TO-COST) UP-TO

80% Construction Financing

Subdivision: 80% financing on subdivision projects which up-to 15% down payment can be used from prepaids such as the land down-payment, property improvements or prepaids or other soft-costs.

Fix-n-Flip: A minimum 10% down payment required on the purchase transaction, but 0% required on the construction budget, hence financing 100% of your construction budget.

TERMS

12-36 mo. Interest Only

Construction Loan Payments are Interest-Only and are calculated based on funds used, similar to a (HELOC) Home Equity Line of Credit.

RATES FROM

5.275%

Rates vary based on Prime + Margin Rate, credit scores, property type, LTV, LTC, builder, and borrower construction and investment experience and property purpose ex. Primary, Secondary, or Investment/Rental property.

Construction Loan Payments are Interest-Only and are calculated based on funds used, similar to a (HELOC) Home Equity Line of Credit.

EXCEPTIONS & REQUIREMENTS

Cross-Collateralization, 700 Min FICO

Cross-Collateralization: Allows you to pledge another property as collateral to offset the equity and down payment requirement on your new project. 

Credit: A minimum 700 FICO score is required with no derogatory in the last 4 years.

Rental & Multi-family

LTV (LOAN-TO-VALUE) UP-TO

80% of Construction Financing

Single-Family Rental Property:

100% Construction Financing assuming 75% LTV “Future Value”.

Multi-Family (5+ Units) Property: up-to 80% Construction Financing based on Loan-to-Cost.

TERMS

12-24 mo. Interest Only

Construction Loan Payments are Interest-Only and are calculated based on funds used, similar to a (HELOC) Home Equity Line of Credit.

RATES FROM

5.75%

Rates vary based on Prime + Margin Rate, credit scores, property type, LTV, LTC, builder, and borrower construction and investment experience and property purpose ex. Primary, Secondary, or Investment/Rental property.

Construction Loan Payments are Interest-Only and are calculated based on funds used, similar to a (HELOC) Home Equity Line of Credit.

EXCEPTIONS & REQUIREMENTS

Cross-Collateralization, 720 Min FICO

Cross-Collateralization: Allows you to pledge another property as collateral to offset the equity and down payment requirement on your new project. 

Investment/Rental: Projected rents/income will be used to offset your future mortgage payment when calculating your DTI (Debt-to-Income)/affordability.

Credit: A minimum 720 FICO score is required with no derogatory in the last 4 years.

Getting started is easy

Request a Call

While the journey to a successful project isn’t always a straight line, having the right financial partner by your side can make all the difference. Builder Loans is excited to be the partner who helps you achieve your goals and dreams, and we’re committed to sticking by you every step of the way for any New Construction and Owner Builder loan help. 

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“With all that’s involved in seeing your project through, we want to make sure that your financing is one thing you won’t have to worry. Let’s talk about your options to find the financing that’s right for you.”

Eduard Gubarik – Partner

ADDRESS

Builder Loans

6518 Lonetree Blvd., Suite 1058

Rocklin, CA., 95765

415-800-2190

[email protected]

 

COPYRIGHT 2019 BUILDER LOANS. ALL RIGHTS RESERVED