Draw-based loans for new construction and major development. Share your deal to request quotes and compare your options.
Side-by-side guides to rates, terms and requirements
A dedicated page for every state, with local details
Independent information, not tied to a single lender
Compare Construction Loans options
Top Construction Lenders
Nationwide Construction Loans lenders compared side by side. Review loan amounts, leverage, rates and terms, then request quotes to see real offers on your deal.
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Lender
Loan terms
Action
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CCambridge Home Loan
$100K – $250M+ · Up to 90% LTC · Close in as few as 14 days
Listings are for information only. Rates, fees, leverage and licensing vary by lender, borrower and state, so confirm current terms directly. We are an independent comparison site, not a lender.
Construction Loans: Close in as Few as 14 Days
If you are comparing Construction Loans, this guide covers how this type of funding works, what lenders evaluate and how to move from first call to closing. Lenders operate across the country, so the same structure can be applied to a rental in Phoenix, a renovation in Atlanta or a new build in Nashville, while pricing and terms vary by local market.
Typical Construction Loans terms
90%LTC
$100K-$250M+Loan size
14 daysClose
Typical Construction Loans terms
Loan size
Leverage
Up to 90% LTC leverage
Project types
Residential, multifamily & mixed-use projects
Borrowers
Ground up, spec homes & build-to-rent for builders and developers
Typical terms shown for illustration. Actual rates, leverage and timelines depend on the borrower, the property and underwriting.
Every file is reviewed on the strength of the property and the plan behind it.
How Construction Loans Are Structured
A construction loan funds a ground-up build in stages, releasing money through inspected draws as each phase of the project is finished. Each file is reviewed on its own merits, with local rents, comparable sales, property taxes and insurance costs all shaping the final terms. That is why two borrowers asking about the same loan type can receive very different offers.
What Lenders Look at for Construction Loans
For this kind of loan, underwriting centers on the plans and budget, the builder's experience, the land value, the projected completed value and your equity. A complete, well-organized package helps your request move faster and often leads to better terms.
Property details: location, condition, property type and recent comparable sales nearby.
Borrower profile: credit score, liquidity and real estate experience.
Deal structure: purchase price, down payment or equity and your planned exit.
Documentation: entity paperwork, an insurance quote and a clear scope or lease information.
Who Uses Construction Loans
Typical uses include ground-up spec homes, infill lots and small multi-unit new builds. First-time investors value having each step explained in plain language, while experienced operators look for a lender that can repeat the process quickly across multiple properties and markets.
Construction Loans Nationwide, with Local Detail
Rules on taxes, insurance, landlord-tenant law and foreclosure timelines differ from one state to the next, which is why we publish a dedicated page for each state. Choose your state below for local lending details, then send us your scenario.
Construction Loans Timeline and Next Steps
Expect a review of plans, budget and permits up front, followed by draws released as inspections confirm progress. Most borrowers follow the same four steps: submit the scenario, review indicative terms, order the appraisal and title work, and close with a licensed settlement agent.
Rates, fees and licensing requirements depend on the loan and the borrower, so always confirm current terms with a lender licensed in your state. Use the form at the top of this page to share your deal and request quotes.
Construction Loans by State
Choose your state to see how Construction Loans work in your market, with local details on the cities and property types lenders typically serve.
Alabama
Construction Loans
With affordable Southern markets, Huntsville's tech and defense growth, and Gulf Coast vacation rentals, Alabama rewards deal-specific underwriting. See how Construction Loans works in Birmingham and beyond. See typical terms, uses and what lenders look at.
Alaska offers a small, tightly held market where Anchorage dominates and building seasons are short. Investors in Anchorage and Fairbanks use Construction Loans to build from the ground up with staged draw funding. Send your scenario for a state-specific quote.
Local conditions across Arizona, including fast-growing Sun Belt metros, strong rental demand and a large short-term rental footprint, shape every quote. Construction Loans can help you build from the ground up with staged draw funding. Send your scenario for a state-specific quote.
Construction Loans for Arkansas properties: budget and draw-schedule underwriting tailored to markets like Little Rock, Fayetteville and Fort Smith. Send your scenario for a state-specific quote.
From Los Angeles to San Jose, California borrowers use Construction Loans to build from the ground up with staged draw funding, backed by budget and draw-schedule underwriting. See typical terms, uses and what lenders look at.
Investing in Denver, Colorado Springs or Aurora? Construction Loans in Colorado centers on budget and draw-schedule underwriting, so you can build from the ground up with staged draw funding. Send your scenario for a state-specific quote.
Investing in Bridgeport, New Haven or Stamford? Construction Loans in Connecticut centers on budget and draw-schedule underwriting, so you can build from the ground up with staged draw funding. Send your scenario for a state-specific quote.
Delaware offers a compact market with beach-town rentals and easy reach of Philadelphia and Baltimore. Investors in Wilmington and Dover use Construction Loans to build from the ground up with staged draw funding. Send your scenario for a state-specific quote.
From Miami to Tampa, Florida borrowers use Construction Loans to build from the ground up with staged draw funding, backed by budget and draw-schedule underwriting. See typical terms, uses and what lenders look at.
With Atlanta's deep rental market, Savannah's port-driven growth and affordable suburbs, Georgia rewards deal-specific underwriting. See how Construction Loans works in Atlanta and beyond. Send your scenario for a state-specific quote.
Hawaii offers limited land supply, premium pricing and strong demand for island rentals. Investors in Honolulu and Kailua use Construction Loans to build from the ground up with staged draw funding. Read the full Hawaii guide for local details.
With rapid growth around Boise, outdoor-recreation towns and rising prices, Idaho rewards deal-specific underwriting. See how Construction Loans works in Boise and beyond. Send your scenario for a state-specific quote.
From Chicago to Naperville, Illinois borrowers use Construction Loans to build from the ground up with staged draw funding, backed by budget and draw-schedule underwriting. Send your scenario for a state-specific quote.
With affordable Midwest pricing, strong cash flow and growth around Indianapolis, Indiana rewards deal-specific underwriting. See how Construction Loans works in Indianapolis and beyond. Read the full Indiana guide for local details.
Iowa offers low-cost, stable markets and university-driven rental demand. Investors in Des Moines and Cedar Rapids use Construction Loans to build from the ground up with staged draw funding. See typical terms, uses and what lenders look at.
From Wichita to Kansas City, Kansas borrowers use Construction Loans to build from the ground up with staged draw funding, backed by budget and draw-schedule underwriting. Read the full Kansas guide for local details.
Local conditions across Kentucky, including low purchase prices, solid rental yields and growth in Louisville and Lexington, shape every quote. Construction Loans can help you build from the ground up with staged draw funding. See typical terms, uses and what lenders look at.
From New Orleans to Shreveport, Louisiana borrowers use Construction Loans to build from the ground up with staged draw funding, backed by budget and draw-schedule underwriting. See typical terms, uses and what lenders look at.
Maine offers coastal vacation rentals, historic housing and a tight year-round supply. Investors in Portland and Lewiston use Construction Loans to build from the ground up with staged draw funding. Send your scenario for a state-specific quote.
From Baltimore to Germantown, Maryland borrowers use Construction Loans to build from the ground up with staged draw funding, backed by budget and draw-schedule underwriting. Read the full Maryland guide for local details.
Massachusetts offers dense, high-value markets around Boston, college-driven demand and older multifamily homes. Investors in Boston and Worcester use Construction Loans to build from the ground up with staged draw funding. See typical terms, uses and what lenders look at.
Investing in Detroit, Grand Rapids or Ann Arbor? Construction Loans in Michigan centers on budget and draw-schedule underwriting, so you can build from the ground up with staged draw funding. See typical terms, uses and what lenders look at.
Investing in Minneapolis, Saint Paul or Rochester? Construction Loans in Minnesota centers on budget and draw-schedule underwriting, so you can build from the ground up with staged draw funding. Send your scenario for a state-specific quote.
Mississippi offers very low entry prices, high gross yields and Gulf Coast opportunities. Investors in Jackson and Gulfport use Construction Loans to build from the ground up with staged draw funding. Read the full Mississippi guide for local details.
Missouri offers affordable Kansas City and St. Louis markets with solid rental demand. Investors in Kansas City and St. Louis use Construction Loans to build from the ground up with staged draw funding. See typical terms, uses and what lenders look at.
Local conditions across Montana, including resort-driven demand, limited inventory and rising prices in Bozeman and Missoula, shape every quote. Construction Loans can help you build from the ground up with staged draw funding. See typical terms, uses and what lenders look at.
Nebraska offers stable, low-volatility markets in Omaha and Lincoln with consistent renter demand. Investors in Omaha and Lincoln use Construction Loans to build from the ground up with staged draw funding. Read the full Nebraska guide for local details.
Local conditions across Nevada, including Las Vegas and Reno growth, a large rental base and tourism-driven demand, shape every quote. Construction Loans can help you build from the ground up with staged draw funding. Send your scenario for a state-specific quote.
Investing in Manchester, Nashua or Concord? Construction Loans in New Hampshire centers on budget and draw-schedule underwriting, so you can build from the ground up with staged draw funding. Send your scenario for a state-specific quote.
Local conditions across New Jersey, including dense, high-demand markets near New York and Philadelphia plus Jersey Shore rentals, shape every quote. Construction Loans can help you build from the ground up with staged draw funding. See typical terms, uses and what lenders look at.
New Mexico offers affordable pricing, a growing Albuquerque market and distinctive Santa Fe properties. Investors in Albuquerque and Las Cruces use Construction Loans to build from the ground up with staged draw funding. See typical terms, uses and what lenders look at.
Construction Loans for New York properties: budget and draw-schedule underwriting tailored to markets like New York City, Brooklyn and Queens. See typical terms, uses and what lenders look at.
From Charlotte to Greensboro, North Carolina borrowers use Construction Loans to build from the ground up with staged draw funding, backed by budget and draw-schedule underwriting. See typical terms, uses and what lenders look at.
North Dakota offers energy-linked demand, small stable markets and a growing Fargo area. Investors in Fargo and Bismarck use Construction Loans to build from the ground up with staged draw funding. See typical terms, uses and what lenders look at.
Local conditions across Ohio, including affordable Midwest pricing, strong cash flow and a spread of metros from Columbus to Cleveland, shape every quote. Construction Loans can help you build from the ground up with staged draw funding. Send your scenario for a state-specific quote.
From Oklahoma City to Norman, Oklahoma borrowers use Construction Loans to build from the ground up with staged draw funding, backed by budget and draw-schedule underwriting. Read the full Oklahoma guide for local details.
Investing in Portland, Salem or Eugene? Construction Loans in Oregon centers on budget and draw-schedule underwriting, so you can build from the ground up with staged draw funding. Send your scenario for a state-specific quote.
Pennsylvania offers older row homes in Philadelphia and Pittsburgh, college towns and active small-multifamily investing. Investors in Philadelphia and Pittsburgh use Construction Loans to build from the ground up with staged draw funding. See typical terms, uses and what lenders look at.
Local conditions across Rhode Island, including a compact coastal market with older multifamily homes and university-driven rentals, shape every quote. Construction Loans can help you build from the ground up with staged draw funding. See typical terms, uses and what lenders look at.
Investing in Charleston, Columbia or Greenville? Construction Loans in South Carolina centers on budget and draw-schedule underwriting, so you can build from the ground up with staged draw funding. See typical terms, uses and what lenders look at.
Local conditions across South Dakota, including small, stable markets with growth around Sioux Falls and Rapid City, shape every quote. Construction Loans can help you build from the ground up with staged draw funding. Send your scenario for a state-specific quote.
Investing in Nashville, Memphis or Knoxville? Construction Loans in Tennessee centers on budget and draw-schedule underwriting, so you can build from the ground up with staged draw funding. See typical terms, uses and what lenders look at.
Investing in Houston, Dallas or Austin? Construction Loans in Texas centers on budget and draw-schedule underwriting, so you can build from the ground up with staged draw funding. Read the full Texas guide for local details.
Investing in Salt Lake City, Provo or West Valley City? Construction Loans in Utah centers on budget and draw-schedule underwriting, so you can build from the ground up with staged draw funding. Send your scenario for a state-specific quote.
Construction Loans for Vermont properties: budget and draw-schedule underwriting tailored to markets like Burlington, South Burlington and Rutland. Send your scenario for a state-specific quote.
From Virginia Beach to Richmond, Virginia borrowers use Construction Loans to build from the ground up with staged draw funding, backed by budget and draw-schedule underwriting. See typical terms, uses and what lenders look at.
From Seattle to Tacoma, Washington borrowers use Construction Loans to build from the ground up with staged draw funding, backed by budget and draw-schedule underwriting. Send your scenario for a state-specific quote.
West Virginia offers low purchase prices, small markets and outdoor-recreation rentals. Investors in Charleston and Huntington use Construction Loans to build from the ground up with staged draw funding. Send your scenario for a state-specific quote.
Wisconsin offers stable Milwaukee and Madison markets, university rentals and lake-country properties. Investors in Milwaukee and Madison use Construction Loans to build from the ground up with staged draw funding. Read the full Wisconsin guide for local details.
Investing in Cheyenne, Casper or Laramie? Construction Loans in Wyoming centers on budget and draw-schedule underwriting, so you can build from the ground up with staged draw funding. Read the full Wyoming guide for local details.