Construction
Financing built around your build
Construction lending is released in stages, so the loan has to match your budget, your draw schedule and your exit plan. A preliminary review helps confirm the structure is realistic before you commit to a timeline.
Ground-up construction
From lot purchase to certificate of occupancy, funded by draw.
Spec homes
Build-to-sell projects structured around the sales timeline.
Major renovation
Additions, tear-downs and gut remodels on an existing footprint.
Owner-built residence
Primary residence construction with owner or builder supervision.
Lot & land
Land acquisition with construction take-out in view.
Bridge to permanent
Construction loan structured with the refinance exit in mind.
What underwriters look at
- Loan-to-cost and total project budget
- Builder or general contractor experience and licensing
- Draw schedule and inspection process
- Borrower liquidity, reserves and credit profile
- Exit strategy — refinance or sale of the completed project
What to prepare
- Plans, specifications and itemized construction budget
- Builder resume, license and references
- Purchase contract for the lot or current property value
- Draw schedule and estimated project timeline
Estimates only. All figures are preliminary estimates for educational purposes only. They are not an approval, pre-approval, commitment to lend or a rate lock. Actual terms depend on lender underwriting, credit review, income and asset verification, property appraisal and current market pricing. SP Golden Home Inc. — Equal Housing Opportunity.