New Construction
New construction loans are available to experienced builders looking to build spec homes to be sold on the open market. Builders often run into limits with traditional constructions loans from the local banking community and this program allows them to keep the growth of their business moving upward.
Texas New Construction Loans for Builders
Loan Amounts
Residential
Loan Amounts
$100k+
Fees
TBD
Rate
TBD
Interest Only
Up to 30 years
LTC (Loan to Cost):
Up to 80%
Markets
Houston
Term
Up to 12 months
Qualifying
TBD
Recourse
Yes
Escrows
All construction funds
LTV (Loan to Value)
Up to 70%
Credit Score
TBA
CLTV (Cost Loan to Value):
Up to 90%
Pre-Pay Penalty
No
FAQ
Will you lend funds to purchase the land?
Yes, we provide loans for both acquisitions and construction funds.
If you own the land free & clear, does that count as equity?
Yes.
Is this loan program available for primary residences?
No, we will only lend on investment new construction projects.