Know Your Budget Before You Build
Talk with us before you choose plans or break ground. A clear budget can guide your lot, builder, design, and materials. You can plan with more confidence from the start.
- One team manages underwriting, closing, builder approval, and construction draws
- Conventional, FHA, and VA financing options
- Down payments as low as 5% Conventional, 3.5% FHA, and 0% VA
- Minimum credit score of 640
- Lock your interest rate while your home is being built. A float-down option may let you lower it if rates improve before closing.
- Up to 12 months to complete construction.
- No need to modify your existing mortgage with the loan term
- Buy a lot, purchase or build on land you already own
- More than 20 years of construction lending experience
Every Build Starts With a Conversation
Construction-to-permanent financing can cover your lot, construction, and permanent mortgage. You close once, so you have fewer loans and closing steps to manage. See if Construction-to-Permanent Fits Your Build.
Fit Your BuildHow Does a Construction-to-Permanent Loan Work?
A construction-to-permanent loan combines construction financing and your permanent mortgage. Here is what that can look like.
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Get Approved Before You Build
Approval helps you understand your budget before you choose plans or break ground. That budget can guide your lot, builder, design, and materials.
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Buy the Lot or Use Yours
Your loan may finance a new lot and the home construction together. You can also build on land you already own.
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Keep Your Build Moving With In-House Draws
Each draw releases funds as work on your home is complete. Our team manages the process, helping your builder keep the project moving.
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Move In, No Second Closing
When construction is complete, your loan converts to your permanent mortgage. There is typically no second application, closing, or requalification.
Financing That Fits However You’re Building
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Custom Home Builds
Building a one-of-a-kind home comes with unique plans, costs, and timelines. Flexible financing and an experienced construction team can help your loan keep pace with your project.
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Builder Community Homes
Buying in a builder community? These tract and production homes are built from a builder’s established home plans. Our coordinated loan and draw process helps keep your home moving from contract to completion.
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Manufactured and Modular Builds
Construction-to-permanent financing is available for manufactured and modular homes. Conventional, FHA, and VA options may offer a low-down-payment path to your new home.
Construction Lending Managed Under One Roof
Construction loans have more moving parts than standard home loans. Keeping the work with one team means fewer handoffs and a clear place to turn with questions.
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Construction-Focused Underwriting
Your loan is reviewed by people who understand construction lending. They know what makes a build different from a standard home purchase.
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Coordinated Closings
Our team coordinates your closing from start to finish. You have fewer outside handoffs to manage as you prepare to build.
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In-House Builder Approval
We review your builder through our internal approval process. Builder questions go directly to the team handling your construction loan.
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Consistent Draw Administration
Our team manages draws throughout construction. This helps your builder receive loan funds as approved work is completed.
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One Dedicated Team
The same construction lending team stays with your loan through completion. You know who to call at each stage of the build.
Every Build Starts With A Plan
Let’s talk about yours.
Talk to Builder Blueprint TeamMore Ways to Finance a New Construction Home
Construction-to-permanent financing is one option, but it is not the only one. The right path depends on the home, builder, timeline, and your plans.
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New Construction End Loans
A new construction end loan finances a newly built or to-be-built home. The builder typically finances construction, and your mortgage closes when the home is ready.
Options include Conventional, FHA, VA, USDA, Non-QM, and Jumbo loans. Manual underwriting is also available for some FHA and VA loans.
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Forward and Flex Forward Commitments
Some builders reserve funds to offer a set mortgage rate on certain homes. This is called a forward commitment.
A Flex Forward may let the builder adjust the offered rate as the market changes. These options can give buyers more rate information before their home is finished.
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Buy Before You Sell
Buy Now, Sell Later Express can help you buy your new home before selling your current one. Need funds for the purchase? An optional bridge loan may let you use some of the current home’s equity before it sells.
Meet the Builder BluePrint Team
Our team brings more than 20 years of construction lending experience to your build. We manage your loan in-house and stay involved from application through completion. From your first approval to your final draw, you have a team that understands the process and knows your project.
Construction Loan Questions, Answered
What is a construction-to-permanent loan?
A construction-to-permanent loan finances the home while it is being built. It then converts to your permanent mortgage when construction is complete. With a single-closing loan, you close once instead of arranging a second mortgage later.
How is a construction-to-permanent loan different from a regular mortgage?
A regular mortgage finances a completed home. A construction-to-permanent loan funds construction first and then becomes the mortgage on your completed home.
Can one loan cover the land and construction?
In many cases, yes. The loan may cover a lot purchase and the cost of building your home. You can also use land you already own. Your loan officer can explain how your land may fit into the loan
Why should I talk to a lender before choosing my home plans?
An early conversation helps you understand what you can realistically spend. Your budget can then guide your land, builder, floor plan, materials, and other choices.
What types of construction loans are available?
Construction-to-permanent financing is available with Conventional, FHA, and VA options. Other new construction loans may include USDA, Non-QM, and Jumbo financing. The right option depends on your home, project, finances, and timeline.
Do I have to requalify after my home is built?
Typically, no. When construction ends within the loan term, the loan converts to your permanent mortgage. There is usually no second application or closing.
What down payment could I qualify for?
Down payments may be as low as: 5% for Conventional financing; 3.5% for FHA financing; 0% for VA financing. Your loan officer can help you see which option fits your plans.
Are manufactured and modular homes eligible?
Yes. Construction-to-permanent financing is available for manufactured and modular homes through Conventional, FHA, and VA options.
What is a construction draw?
A construction draw releases part of your loan as work is completed. Instead of receiving all construction funds at once, your builder requests funds at key stages. Our in-house team manages draws throughout the build.
Why are construction funds released in draws?
Our in-house team manages draws from the first to the final payoff, so funding follows the build instead of chasing it.
What do draws do?
Draws help match loan funding to the progress of your home. As approved work is completed, funds are released for that stage of construction.
What happens if construction takes longer than expected?
Construction delays can happen. Our team can help you understand your loan timeline and discuss possible next steps if the schedule changes.
What is a new construction end loan?
An end loan is a mortgage used to buy a newly built or to-be-built home. The builder typically finances the construction. Your mortgage closes when the home is ready.
What is a builder forward commitment?
A forward commitment may allow a builder to offer a set mortgage rate on certain homes. A Flex. Forward may give the builder more room to adjust that rate as the market changes. Your loan officer can explain whether a specific home includes one of these options.
Can Cash2Keys be used on a new construction purchase?
It could be. Cash2Keys includes programs that may help current homeowners buy before they sell. Some options may also help you use equity from your current home toward your new one. Your loan officer can help identify which option may fit.
I'm a real estate agent. How do I explain this to a buyer who's never built before?
Start with the main benefit: one loan can finance the lot, construction, and permanent mortgage. The buyer closes once and works with one construction lending team throughout the build.
How do I get started?
Tell us about the home you want to build. We will discuss your budget, land, builder, project, and timeline. Then we can help you explore the financing options that may fit.
