Project-based underwriting
The lender reviews the borrower together with the plans, specifications, budget, builder, schedule, site and proposed completed value.
Apply securelyConstruction financing
Financing designed around the project—not just the finished home.
Construction and renovation loans can help qualified borrowers finance eligible land, building costs or improvements through a structured draw process tied to plans, budgets and completed value.
Start with the scenario
Built for eligible ground-up and renovation scenarios.
Straight Deal Mortgage can compare eligible programs across a broad wholesale network and help identify the documentation and execution path that fits the complete transaction.
How the program works
Qualification built around the right information.
Controlled construction draws
Approved funds are generally released in stages after required inspections, documentation and confirmation of completed work.
Multiple financing paths
Eligible transactions may include ground-up construction, construction-to-permanent, renovation or business-purpose investor structures.
A clearer path forward
What to expect.
- 01
Define the complete project
Share the site, plans, scope, builder, schedule, budget, permits or permit status and the intended occupancy.
- 02
Compare eligible structures
Review potential one-time-close, two-close, renovation and investor options based on the transaction and long-term plan.
- 03
Complete project underwriting
Provide borrower documentation plus the plans, specifications, contract, budget, appraisal and builder information required by the lender.
- 04
Close and manage draws
After closing, construction funds are released under the lender’s draw, inspection and documentation procedures.
Common questions
Answers before you apply.
What is a construction-to-permanent loan?
A construction-to-permanent loan combines an eligible construction phase and long-term mortgage within one financing structure. Terms and conversion requirements vary by lender.
Can land be included in a construction loan?
Some programs may finance eligible land acquisition or recognize documented land equity, subject to the lender’s loan-to-value, title and project requirements.
Does the builder need lender approval?
Construction lenders commonly review the builder’s experience, licensing where applicable, insurance, financial capacity, contract and project history.
Can renovation costs be included with a home purchase?
Certain renovation programs may combine an eligible purchase with approved improvement costs. The scope, contractor, appraisal, draw process and occupancy rules depend on the program.
Continue researching
Read the detailed mortgage guide.
Learn the terminology, common documentation, potential tradeoffs and questions to ask before choosing a program.
Program terms, documentation, pricing, lender participation, property eligibility and availability vary by transaction and jurisdiction and may change without notice. All loans are subject to application, credit approval, property review, underwriting requirements and applicable law. This is not a commitment to lend.