Construction & Renovation Loans
Build your custom home or remodel the one you have with construction-to-permanent and renovation financing — one loan, one closing, and a rate locked before you break ground.
Construction-to-Permanent Financing
One loan, one closing, and a seamless transition from construction to a permanent mortgage.
Single-Close Construction
One loan, one closing. Lock your rate before breaking ground and make interest-only payments while your home is built.
- FHA, VA, and Conventional options
- Interest-only payments during the build
- Rate locked before construction starts
Custom Home Builds
Finance land and construction together and work with your chosen builder to create the home you’ve envisioned.
- Lot + construction combined financing
- Approved-builder requirements
- Milestone-based draw schedules
Renovation Loans
Buy a fixer-upper or remodel your current home and roll the repair costs into a single mortgage.
- FHA 203(k) Streamline & Standard
- Conventional renovation options
- Repairs financed in one closing
How a Construction Loan Works
Unlike a standard mortgage that funds an existing home in one lump sum, a construction loan releases money in stages as your build hits key milestones. You lock your rate up front, make interest-only payments during construction, and the loan converts to permanent financing once the home is complete.
Lock Your Rate Early
Secure financing terms before breaking ground for budgeting certainty.
Milestone Draw Schedule
Funds release in stages as inspections confirm completed work.
One Seamless Closing
Your construction loan converts to a permanent mortgage automatically.
Estimate Your Monthly Payment
See what your permanent mortgage payment could look like once construction is complete.
Monthly Payment Calculator
Calculate your estimated monthly mortgage payment including taxes and insurance
Why Build With LoansByEmmett
20+ years of experience guiding borrowers through construction and renovation financing.
Guidance at Every Draw
We help you manage builder documentation, budgets, and draw schedules so the process stays on track.
Multiple Program Options
FHA, VA, and Conventional construction and renovation programs matched to your goals and budget.
Competitive Pricing
As an independent broker, I shop multiple investors to find competitive terms for your build.
Construction Loan FAQs
What is a construction-to-permanent loan?
A construction-to-permanent loan finances the building of your home and then converts into a standard mortgage once construction is complete — all with a single application and one closing. You lock your rate up front and typically make interest-only payments during the build phase.
How is a construction loan different from a regular mortgage?
A regular mortgage funds the purchase of an existing home in one lump sum. A construction loan releases funds in stages (draws) as building milestones are met, then transitions to permanent financing. This structure requires builder documentation, a detailed budget, and milestone inspections.
Can I finance a renovation instead of a new build?
Yes. Renovation loans such as FHA 203(k) and conventional renovation programs let you roll the cost of repairs and improvements into a single mortgage — whether you’re buying a fixer-upper or remodeling the home you already own.
What do I need to qualify?
Construction financing generally calls for solid credit, a manageable debt-to-income ratio, a down payment, and an approved builder with a detailed construction contract and budget. We’ll walk you through the documentation and match you with the right program.
Ready to Build or Renovate?
Get a free construction loan consultation and find the right financing for your project.
Emmett Clark, NMLS #233747
From the blog & learning center
Home Buying Guides
Can You Use an LLC for a DSCR Loan?
Yes — you can typically close a DSCR loan in the name of an LLC, keeping the property separate from your personal name for liability and portfolio-management purposes.
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DSCR Loan vs Conventional Investment Loan: Which Is Better?
A DSCR loan qualifies you on the property's rental income with no personal income documentation; a conventional investment loan qualifies you on your personal income, DTI, and tax returns.
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FHA Loans Plus a Down Payment Grant: How Little You Can Actually Bring to Closing
Combining an FHA loan with a down payment assistance grant can reduce what you bring to closing to as little as 0% to 1% of the purchase price, nationwide, not just in select states.
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Can I use short-term rental income to qualify for a DSCR loan?
A DSCR loan can qualify you on the projected Airbnb or Vrbo income a property produces rather than your personal income, but only with a lender who accepts short-term rental income.
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What does a VA renovation loan really involve?
A VA renovation loan lets an eligible veteran buy or refinance a home and finance non-structural repairs into the same VA loan with no down payment. The main hurdle is finding a lender who offers it.
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How do investors qualify for a DSCR loan on rental income?
You qualify for a DSCR loan on the rental property income rather than your personal income, as long as that income covers the mortgage payment by the required ratio, with no tax returns or personal debt-to-income limits.
Read more