New construction financing usually assumes you've already built something before it'll even consider the deal. There's a program that doesn't require that.

Up to 85% of cost*, up to 70% of ARV*, 660 FICO minimum, and no prior construction experience required to qualify. The underwriting is looking at the deal itself, not demanding a completed build history you don't have yet.

If a ground up deal has been sitting on your list because you assumed the experience requirement would knock you out, worth checking the actual terms before ruling it out. 

*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.