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.

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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

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

LTV (LOAN-TO-VALUE) UP-TO

75% Construction Financing

Subdivision: 75% financing on subdivision projects with 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

4.75%

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, 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

75% 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.