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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

    "I had a great experience working with Groves Capital. Chris and his team were extremely helpful and responsive throughout the entire process. They made the whole experience easy and stress-free. I highly recommend Groves Capital for any mortgage needs!"
    "We felt very supported in our loan and made the process very easy. Thank you to Chris and his team for the excellent communication and support."
    "Josh Settersten is fantastic!! My husband I had the pleasure working with Josh via our first home buying experience, and he made it such an easy process! He was always quick to respond to any of our questions and kept us updated throughout the entire process. We are beyond g
    "I worked with Kristin Howard to refi my home and she made the process so easy! She is very knowledgeable and experienced and was able to answer all of my questions. She got me a great rate and saved me a ton of money. I highly recommend Groves Capital for your home loan need
    "Desmond, Experience in finding the right solution to getting a home loan was outstanding. His commitment to detail shows that he has his clients best interest at hand. Trust is the most important things when it come to getting a loan and providing personal information. Thank
    "Mike Reeves was absolutely amazing. The best loan officer I could have asked for. He was there every single step of the process and answered all my questions immediately. I would HIGHLY recommend him to anyone looking to purchase! Great attitude, can do it spirit, and very k
    "I recently had the pleasure of working with Lance Gebhart on my journey to becoming a first-time homeowner, and I cannot express my gratitude enough for the outstanding service he provided. From the initial stages of the homebuying process to well beyond the closing, Lance

    # 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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    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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