Estimate only. This is not a loan offer, rate quote, commitment to lend or approval. Lender limits, appraised value, credit, income and program rules decide what you may qualify for. Programs vary by borrower, property and investor.
How this estimate works
Construction lenders look at the full project cost: land, the builder's contract, soft costs and a cushion for overruns. Your cash and any equity in land you already own count toward that total, and the loan covers the rest, subject to the lender's limits and an appraisal of the finished home. Funds are released in draws as work passes inspection.
Gather before you apply
- Signed builder contract and a line-item budget
- Plans and specifications
- Proof of land ownership or the lot purchase contract
- Builder license and insurance information
A licensed loan officer can review your situation. Programs vary by borrower, property and investor.
Start your application in a few minutes. A licensed loan officer reviews it and follows up with your options.
- Takes a few minutes
- Reviewed by a licensed loan officer
- No obligation to proceed
Our online application is being set up. Call now and a licensed loan officer will take your application by phone.
Apply by phone: (888) 912-6746Prefer to talk first? Call (888) 912-6746. Applying is not a loan approval or commitment to lend; programs vary by borrower, property and investor. ClearPoint Mortgage Advisors, NMLS #173855. Properties in FL, NY, NJ, PA, CT and VA only.
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