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Ground Up Construction

Ground-up construction loans for real estate investors are different from mortgages on owner-occupied properties in a few ways. First, this construction financing is a short-term loan, not a 30-year mortgage like FHA loans. The loan can be used to cover the costs of construction only, or of the purchase and construction of the property. If you choose to hold the property as a single-family rental, you may need to refinance into a permanent mortgage because the construction loan is a short-term note, unless you owned the property free and clear before beginning the construction project.

One of the key features of ground up construction loans is that they are typically offered by specialized lenders who have experience with construction financing. This can be helpful for borrowers who are unfamiliar with the construction process, as the lender can provide guidance and support throughout the project.

    Up to
    80%
    LTV - Purchase
    100%
    CONSTRUCTION COST

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    # Apply For Ground Up Contruction

    Ground Up Construction Loans

    Another key feature of ground up construction loans is that they typically have more flexible qualification requirements than traditional mortgages. This is because the loan is secured by the value of the land and the completed building, rather than by the borrower's personal credit history. As a result, borrowers who may not qualify for a traditional mortgage due to factors such as a low credit score or high debt-to-income ratio may still be able to obtain a ground up construction loan.

    One potential drawback of ground up construction loans is that they can be more expensive than traditional mortgages. This is because these loans typically require the borrower to pay interest-only payments during the construction phase, which can add to the overall cost of the loan. Additionally, ground up construction loans often require the borrower to make a larger down payment than is required for a traditional mortgage.

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    (866) 382-1466

    Testimonials

    "Kristin Howard is absolutely best !!!!!!!!! She stayed on top of my deal until closing date.Cant ask for better service . Thank you Kristin"
    "Susan is the BEST! I have done several transactions with her and she has always been so helpful and made the process so easy. These can be stressful but with Susan it is always simple. Highly recommend!"
    "We had the pleasure of working with Angel Pierro. He was supportive during this entire process and we would 100% use him again! Highly recommend!"
    "I am so grateful to Maricris Duke for being so wonderful and helpful during the entire process. As a first time home buyer, I had a lot of questions and doubts but Maricris was there to answer and explain everything to me. Thank you for all the help to get the loan and ass
    "We had a very nice experience and had a quick aprroval!"
    "Josh Settersten, was AMAZING to work with. Really really good at what he does. Professional, trustworthy, good listener and tries to get you the best deal out there. I learned so much about getting a mortgage from him. He delivered on all fronts. I am glad I had him in my co
    "Josh helped tremendously throughout the entire process of purchasing our first home. He was excellent at communicating and overall exceeded our expectations. I would highly recommend working with Josh!"

    # Apply For Ground Up Contruction

    Why Should You Choose Us?

    We're here to make the home loan process a whole lot easier, with tools and expertise that will help guide you along the way, starting with our simple Hard Money Rate Quote.

    • Customer Focused
    • Minimal Documentation
    • In-Houses Controls
    • Best Loan Services
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    (866) 382-1466
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    # Apply Now!

    Our Core Investing Service

    Whether you’re looking to purchase a new home or refinance your existing home,Groves Capital can provide all the help you need.

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    # Apply For Ground Up Contruction

    States We Lend In

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    Looking for lending in a state not listed? We do lend in other states on a case-by-case scenario. Give us a call to see what we can do for you.

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    (866) 382-1466