Nobody Told Me This Before My First Ground Up Build

[Joyce Ann Magallanes]

I used to think ground up construction financing was only for people who'd already built five houses. Nobody corrected me on that until I actually looked into it.

Turns out prior experience isn't a requirement. What actually gets evaluated is the deal itself, the numbers, the plan, the exit. We finance up to 85% of cost and 70% ARV*, with a 660 FICO minimum.

If you've got a lot sitting there and the "I've never built before" thought is the only thing stopping you, that thought might be the only real obstacle left.

Anyone here working through their first build right now? Curious what's held you back. 

Drop your scenario and we'll check how we can help. 

*Rates, LTV, and program terms are subject to change and vary based on borrower credit profile, property type, and market conditions. Not all applicants or properties will qualify. This is not a commitment to lend.