No Personal Income or Tax Returns Required
Approval is based on the project, not your pay stubs or tax history. No employment verification, no income documentation.
Construction Loan Financing
Construction Loans: Requirements, Rates, and How They Work
A construction loan funds the land and the entire build based on your — the land value, construction budget, and as-completed value — not your personal income or tax returns.
No tax returns Close in an LLC Draw-based funding
Nationwide Capital Network
Lending across markets
Asset-Based Underwriting
Project qualifies the loan
In-House Draw Management
Keeps your build on track
Investor-Friendly Terms
LLC-closeable, flexible exit
Why Construction Financing
The loan built for the build — not for a W-2.
Conventional lenders step back at the land and pre-construction stage. Construction loans step in — funding the project from ground zero through a finished structure, based on what you're building, not where you work.
Financing Built Around Your Project's Numbers
Loan sizing is based on the land value or cost, your construction budget, and the property's as-completed value — a strong percentage of each.
In-House Draw Management That Keeps You Building
Draw decisions are handled internally — milestone by milestone — so your build keeps moving instead of stalling on paperwork.
Side-by-Side Comparison
Why conventional financing falls short at the pre-construction stage.
Conventional Financing
Full personal income documentation, W-2s, and multiple years of tax returns required
Limited or no appetite for vacant land and pre-construction stages
Slow approval timelines that can stall a project before it starts
Not structured for a draw-based build process — funds aren't designed to follow construction milestones
Construction Loans
Qualification based on the project's land value, construction budget, and as-completed value — not personal income
Land cost and full construction budget financed together in one loan
In-house draw schedule tied to construction milestones — inspection confirms work, funds are released
Short-term, interest-only structure (12–24 months) built for a clear sell-or-refinance exit at completion
Eligibility
Built for Builders, Developers, and Investors.
Whether you're breaking ground on your first project or managing a pipeline of builds, construction financing is structured around your project — not a credential checklist.
FB
First-Time Builders & Developers
New to ground-up construction? Terms that reflect your project scope and a draw structure designed to guide the process.
EB
Experienced Builders Scaling Their Pipeline
Builder experience is recognized in the structure — terms that reflect what you've already built and your current project scope.
RI
Real Estate Investors Building Spec Homes
Finance the full ground-up build of a spec home — qualifying on the as-completed value and construction budget, not your personal income.
CM
Contractors Managing Their Own Projects
Leverage your trade knowledge to finance and build your own project — self-employment and variable income aren't obstacles here.
OL
Borrowers Who Already Own the Land
Existing land ownership can be factored into the loan structure — construction financing covers the build without requiring a fresh land purchase.
EN
Investors Closing in an LLC or Entity Name
Construction loans can close in an LLC or other entity — keeping your business and personal assets structured the way you intend.
The Process
The Project Qualifies, Not Your Paycheck.
A straightforward three-step path from land and plans to an approved draw schedule and funded build.
1
We Review Your Land, Plans & Budget
Submit your site plans, building specs, construction budget, and land information. Underwriting evaluates the full project picture.
2
We Structure Your Draw Schedule
A milestone-based draw schedule is structured around your build — foundation, framing, roofing, mechanicals, finishes — each draw released after inspection confirms the work.
3
Get Approved and Start Building
Close in your name or LLC, break ground, and draw funds as milestones are completed. Exit by selling the finished property or refinancing into a longer-term loan.
A candid note: Construction loans provide financing for a stage conventional lenders often avoid. In exchange, terms include a shorter loan period (12–24 months), rates generally higher than a conventional mortgage on a completed property, and underwriting that leans heavily on an accurate construction budget and as-completed value. Cost overruns or significant delays can affect project viability.
Use Cases
What You Can Finance.
Construction loans are built for ground-up projects — from a single infill lot to a multi-unit development.
Ground-Up Single-Family Builds
Multi-Unit New Construction
Spec Homes Built to Sell
Teardown & Rebuild Projects
Frequently Asked Questions About Construction Loans
From breaking ground to final draw — everything you need to know about financing your build.
A construction loan is a short-term loan that finances the land and the construction of a property, based on the project's as-completed value rather than your personal income. It's structured around the build — with funds released in draws as construction milestones are completed — and is designed to be repaid or refinanced once the property is finished.
No — construction loans don't require personal income documentation, tax returns, or employment verification. Underwriting is asset-based and project-driven, focusing on the land value, construction budget, and as-completed value rather than a borrower's income profile.
Construction funds are released in draws as building milestones are completed and inspected — not all at once at closing. Common draw stages include foundation, framing, roofing, mechanicals, and finishes. Each draw is typically released after an inspection confirms the corresponding work is complete. During the construction period, the loan is interest-only, which helps manage holding costs while the property isn't yet generating income.
Yes — construction loans are commonly closed in an LLC or other entity name rather than an individual's. This is a standard structure for real estate investors and developers managing builds through a business entity. Standard entity formation documents will be part of the closing package.
Most construction loans convert into permanent financing once the build is finished — often through a one-time-close structure that automatically rolls into a standard mortgage without a second closing or additional fees. If your loan isn't a one-time-close product, you'll need to refinance into permanent financing separately once a certificate of occupancy is issued. Either way, your lender should walk you through this transition well before the final draw, so there's no gap in financing between construction completion and your permanent loan taking effect.
Construction loans involve unique underwriting, draw schedules, and timelines that vary by lender and project scope. Terms and program guidelines are subject to change — consult a licensed mortgage professional to review financing options specific to your build.
Get My Construction Loan QuoteWhat to Prepare
Document Checklist.
A lean list — no tax returns, no pay stubs. Just the project documents that tell the story of the build.
Site Plans, Building Plans/Specs & Construction Budget
The complete project picture — architectural drawings, scope of work, and a detailed line-item construction budget.
Land Purchase Contract or Current Deed
A signed purchase agreement for the land (if acquiring it through the loan) or current ownership documentation if you already hold title.
Standard ID & Entity Documents (if applicable)
Government-issued ID for all borrowers; if closing in an LLC or entity, standard formation documents such as operating agreement and articles of organization.
From the Field
Builders and Investors Who Got It Done.
"I own a small construction company and every bank turned me down because my income 'looked complicated' on paper. This loan was structured around the land I already owned and the build budget — that was it. We broke ground within six weeks of applying and sold the finished spec home in under 45 days."
MR
Marcus R.
General Contractor — First Spec Build
"The draw management was the part I was most worried about. Every draw cleared within days of the inspection — no chasing anyone down. We closed in our LLC, finished the project on schedule, and refinanced into a DSCR loan once we had a signed lease. Clean process start to finish."
DK
Danielle K.
Real Estate Investor — Ground-Up Build, LLC Close
"I already owned the lot — bought it two years ago. Every conventional lender wanted a completed property before they'd talk to me. This loan wrapped the construction budget around the land equity and got us funded. Sold the finished home for exactly what the as-completed value projected."
JT
Jerome T.
Developer — Existing Land, Spec Sale Exit
Get Your Quote
Ready to put your build project in motion?
Tell us about your land, your plans, and your build budget. We'll review the project and get back to you with a straightforward construction loan quote — no tax returns, no runaround, no waiting on a committee that doesn't understand the deal.
Asset-Based Underwriting
The land, the budget, and the as-completed value do the work
No Tax Returns or Income Verification
Your project qualifies, not your pay stubs
LLC and Entity Closings Welcome
Structure the loan in your business entity from the start
Honest expectations: Construction loans carry rates generally higher than a completed-property conventional mortgage, shorter terms (commonly 12–24 months), and underwriting that depends on an accurate construction budget and as-completed value. Reach out and we'll walk through what the numbers look like for your specific project.