How to Get a Construction Loan in 2026 | “Your dream home, guided by a local team you can trust.”

Construction loans help finance a new home before it exists, but they are usually harder to qualify for than traditional mortgages overall.
Unlike a traditional mortgage, this short-term loan has higher interest and releases money in stages as building milestones are completed along the way.
Typical qualification standards include a 20% down payment, strong credit, and lender review of the builder, not just the borrower for approval.
These loans can cover land, excavation, site prep, foundation work, design fees, engineering services, permits, materials, and contractor labor during construction phases.
They may also cover built-in appliances and the purchase and installation of a manufactured home on a lot you own or are purchasing.