Home / Land and construction loans
Land and construction loans: lot and build in one
Buy the lot and build the house with a single loan. We add your lot price and build budget together and fund 90% of the total.
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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.
How a land and construction loan works
At closing, the loan pays for the lot. The rest of the loan, the build budget, is held and released in draws as each stage of construction is completed.
| 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 |
Already own the lot?
Choose refinance on the form and enter your lot value instead of a purchase price. Your loan amount is figured the same way.
Lot loans on their own
We fund lots as part of a build. If you only want to buy land with no plans to build, this loan is not the right fit.
Questions builders ask
Straight answers about land and construction loans.
Can the loan include the lot?
Yes. The lot price and the build budget are added together, and we fund 90% of the total.
Do you make lot-only loans?
No. We fund the lot together with the build.
How much of my build do you fund?
We fund 90% of your total cost: the lot price plus the build budget. You bring the other 10%.
Do I need building experience?
No. We lend to first-time builders with no completed projects, as well as to experienced builders.
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