Lock in a Low Mortgage Rate
How It Works
Step 1:
Fill Out Our Quick Form
Tell us about your dream home and loan needs. It only takes a few minutes to provide the details we need to get started!
Step 2:
Get Matched to the Perfect Lender
We’ll connect you with top lenders who specialize in new construction loans, customized to meet your specific needs and financial goals!
Step 3:
Start Building Your New Home
Once matched, you’ll work with your chosen lender to secure the financing and begin the exciting process of bringing your dream home to life!
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Matched Transactions
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Total Customers Helped
What Construction Loan Documents Do I Need?
When applying for a construction loan, lenders typically require several documents to assess your project and financial situation. Make sure you have these ready:
Personal Information
- Government-Issued ID (Driver’s License, Passport, etc.)
- Social Security Number
- Proof of Income (Recent Pay Stubs or Tax Returns)
- Employment Verification (Letter from Employer or Recent Paycheck History)
- Credit Report (Lenders Often Pull this Directly)
Financial Documents
- Bank Statements (Last 2-3 Months)
- Proof of Assets (Investment, Retirement Accounts, etc.)
- Liabilities Information (Existing Debts, Mortgage, Car Loans, etc.)
- Tax Returns (Typically for the Past 2 years)
Property Information
- Construction Plans (Detailed Blueprints or Plans for the New Build)
- Project Budget (Complete Breakdown of All Construction Costs)
- Building Permits (Local or State Permits for Construction)
- Land Deed or Purchase Agreement (Proof of Land Ownership or Contract if Buying)
Contractor Information
- Licensed Contractor Agreement (Detailed Contract with Your Builder/Contractor)
- Contractor’s License and Insurance (Proof of Contractor’s Qualifications)
- Construction Timeline (Estimated Schedule for the Project)
- Builder’s Cost Estimate (Breakdown of the Cost to Complete the Project)
Loan-Specific Requirements
- Down-Payment Information (Amount you Plan to Put Down on the Loan)
- Appraisal Report (Assessment of Land and Future Property Value)
- Lien Waivers (Documents Proving Payments for Labor and Materials)
- Title Insurance (Insurance Covering Property Title Issues)
Additional Documents
- Contingency Fund Plan (A Reserve Fund for Unexpected Expenses During Construction)
- Insurance Coverage (Builder’s Risk Insurance, Homeowners Insurance Once Completed)
This site made the whole process of finding a lender so much easier. We were matched with a bank that offered us the best rate and terms for our new build. It saved us so much time, and we couldn't be happier with how smooth everything went!
Sarah & John T
New Construction Borrowers