Available Program Types
Construction-to-Permanent
One-close loan that converts from a construction line to a permanent mortgage when building is complete. The most popular option for custom home builds.
Learn more →One-Time Close
Single-close construction financing that combines the build loan and permanent mortgage into one transaction with one set of closing costs.
Learn more →FHA Construction
Government-backed construction financing with lower down payment requirements (as low as 3.5%) for qualifying borrowers.
Learn more →VA Construction
Zero-down construction financing for eligible veterans, active-duty service members, and surviving spouses.
Learn more →USDA Construction
No-down-payment construction financing for eligible rural and suburban properties, backed by the USDA.
Learn more →Owner-Builder
Financing for borrowers who act as their own general contractor. Requires demonstrated construction experience.
Learn more →Lot & Land
Financing to purchase land before construction begins. Can often be rolled into a future construction loan.
Learn more →HUD Section 184
Section 184 loan guarantee program for Native American and Alaska Native borrowers building on tribal trust or fee-simple land.
Learn more →How Construction Loans Differ From Traditional Mortgages
Unlike a conventional mortgage that funds the purchase of an existing home, construction loans finance the building process itself. Funds are disbursed in stages (draws) as work is completed, and you typically pay interest only on the amount drawn during construction. Once the build is complete, the loan either converts to a permanent mortgage or must be refinanced.
Construction loans generally require higher down payments (20-25%), stronger credit profiles, and more documentation than standard mortgages — including approved plans, builder contracts, and detailed budgets.