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Construction loans with a low down payment
Bring 10% of your lot and build budget, and we fund the other 90%. That is a fraction of the 20% to 30% many construction lenders ask for.
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Estimate only. Loan amount is 90% of lot price plus build budget. Business-purpose loans on investment property, not homes you will live in.
What 10% down means
Your down payment is 10% of your total cost, meaning the lot price plus the build budget.
| Deal | Amount |
|---|---|
| Lot price | $80,000 |
| Build budget | $320,000 |
| Total cost | $400,000 |
| We fund 90% | $360,000 |
| Sale price when finished | $560,000 |
| You bring (10%) | $40,000 |
Plan for closing costs and reserves on top of your 10%.
Is there a no money down construction loan?
We do not offer 100% construction financing. Our loans cover 90% of the lot and build, which keeps your cash needed to 10%.
Lower your 10%
Your 10% falls when your total cost falls. A lower lot price or a tighter build budget lowers what you bring. Try different numbers in the calculator.
Questions builders ask
Straight answers about construction loans with low down payment.
What is the down payment on your construction loans?
10% of your lot price plus build budget. We fund the other 90%.
Do you offer 100% construction financing?
No. We fund 90% of the lot and build.
Do I need building experience?
No. We lend to first-time builders with no completed projects, as well as to experienced builders.
Can the loan include the lot?
Yes. The lot price and the build budget are added together, and we fund 90% of the total.
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