Construction Loans

Build The Home You've Always Wanted

Get Pre-Approved For A Construction Loan Today

Looking to build a home that reflects your lifestyle and preferences? A construction loan may be the perfect solution. These specialized loans offer the flexibility to finance both your custom home build and, if needed, the land it will sit on—giving you the freedom to create the home you’ve always envisioned.

Construction loans provide installment-based funding, known as “draws,” which are disbursed to your builder as construction progresses. Whether you're building on a lot you already own or looking to purchase land, Fairview Lending can help you navigate the process with expert guidance and custom financing options.

Why Choose a Construction Loan?

Finance both land and construction in a single loan
Use the equity in your existing lot as a down payment
Low and flexible down payment options available
Interest-only payments during construction
FHA and VA construction loan programs available

For example, VA construction loans allow qualified borrowers to finance up to 100% of the land and construction costs, while FHA construction loans require as little as 3.5% down. We work directly with your builder—or can refer you to reputable local professionals like Lauren Homes, Inc.—to ensure everyone involved understands the financing process.

Types of Construction Loans

Construction-to-Permanent Loan

This loan starts as a construction loan and automatically converts into a traditional mortgage once the home is complete and you're ready to move in. It’s a convenient "one-time-close" option that saves time and money.

Benefits:

One loan, one closing—reduces closing costs
Interest-only payments during construction
FHA, VA, and conventional loan options available
Lot purchase or payoff can be included
Use existing lot equity as down payment
No full mortgage payment until move-in

Stand-Alone Construction Loan

This is a short-term loan that covers only the cost of construction. Once your home is complete, you'll apply for a separate mortgage to pay off the construction loan. This option may offer more flexibility for borrowers with lower initial cash reserves.

Benefits:

Interest-only payments during construction
Lower initial financial requirements

Qualifying for a Construction Loan

At Fairview Lending, we make the construction loan process simple. There’s no cost or obligation to apply, and we’ll guide you—and your builder—through every step of the process.

If You Don’t Yet Have a Builder or Lot:

We can connect you with trusted local builders and experienced real estate agents to help find the right lot
We’ll help you create a construction and land budget based on your qualified financing amount

If You Already Have a Builder and Lot:

We’ll work with your builder to ensure they’re approved by the lender
You’ll provide a purchase agreement, building specifications, and engineered site plans
Fairview Lending will coordinate a project appraisal and help gather required documents

Let’s Build Your Future

Whether you're starting from scratch or already have your lot and builder in place, Fairview Lending is ready to support your new construction journey. If you currently own a home, you may even be able to begin building before selling your existing property.

Build On Your Terms

Design your dream home from the ground up. Our construction loans offer flexible financing whether you already own land or need to purchase a lot.

Low Down Payments

Qualified borrowers may be eligible for VA construction loans with 0% down or FHA construction loans with as little as 3.5% down, making it easier to get started.

Builder Friendly Processes

We work directly with your builder, or connect you with our referral partner to keep your project moving smoothly from foundation to final walk-through.

Dedicated To Exceeding Your Expectations

Benefits of Construction Loans with Fairview Lending

Construction loans provide a unique opportunity to create a home tailored to your lifestyle, preferences, and location. With flexible financing options and specialized programs for VA and FHA borrowers, building your dream home is more attainable than ever. Whether you're purchasing land or building on a lot you already own, construction loans offer powerful advantages for those ready to start fresh.

Finance both the land and construction in one loan
Interest-only payments during the build phase
Use land equity toward your down payment
Low and flexible down payment options, including 0% (VA) and 3.5% (FHA)
Available as a one-time close loan to reduce closing costs