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Construction loans in Texas for new builders
Building a home to sell or rent in Texas? We fund 90% of your lot and build budget, and you do not need to have built before.
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Estimate only. Loan amount is 90% of lot price plus build budget. Business-purpose loans on investment property, not homes you will live in.
Texas construction loans for investors
We make ground up construction loans in Texas to investors building homes as investment property. Your loan covers the lot and the build, with the build budget released in draws as the work is done.
| Deal | Amount |
|---|---|
| Lot price | $60,000 |
| Build budget | $260,000 |
| Total cost | $320,000 |
| We fund 90% | $288,000 |
| Sale price when finished | $430,000 |
| You bring (10%) | $32,000 |
What you need to start
- The lot under contract, or the lot you already own
- House plans and a build budget
- An estimate of what the finished home will sell for
- Cash for your 10%, closing costs and reserves
Questions builders ask
Straight answers about construction loans Texas.
Do you lend in Texas?
Yes. We make ground up construction loans on investment homes in Texas.
How much of my build do you fund?
We fund 90% of your total cost: the lot price plus the build budget. You bring the other 10%.
Do I need building experience?
No. We lend to first-time builders with no completed projects, as well as to experienced builders.
How is the build budget paid out?
In draws. As each stage of the build is completed, the work is inspected and that stage's money is released.
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