New Construction Financing
Want to Build a Property from Scratch? Here's How to Finance It.
A new construction loan covers the land purchase and building costs. You receive funds at each construction stage — so you only pay interest on what's been used.
One Loan for Land + Build | Funds Released at Each Milestone | Interest-Only During Construction
See If You QualifyBacked by 15+ Vetted National Lenders
How Does a Construction Loan Work? (Plain English)
A new construction loan is different from a regular mortgage. Instead of getting all the money at once, funds are released in stages as your project hits milestones — foundation poured, framing done, roof on, etc.
Key terms you'll hear:
- Draw schedule: A plan that outlines when you receive loan funds, tied to construction milestones verified by inspection.
- Interest-only during build: You only pay interest on money that's been released — not the full loan amount. This keeps your costs lower while you build.
- Spec vs. Pre-sold: A "spec" build is a home you build hoping to sell it. "Pre-sold" means you already have a buyer lined up. Both can be financed.
New construction is typically a more advanced strategy, but if you have the right team (contractor, plans, and permits), we can help you finance it — and guide you through the process.
What Makes This Loan Work for Builders
One Loan for Land + Build
No need to get separate loans for the lot and the construction. One loan covers everything from purchase through completion.
Funds Released at Each Stage
After each inspection milestone, the next round of funds is released. This keeps the project moving and your cash flow predictable.
Interest-Only During Build
You only pay interest on funds that have been drawn — keeping your carrying costs manageable while the property is under construction.
Spec & Pre-Sold Projects
Whether you're building to sell or already have a buyer, we have programs that fit your situation.
Single Lots & Infill
You don't need to be developing a subdivision. We finance single-lot builds, infill projects, and small tracts.
We Understand Construction
Our team knows timelines, contractor relationships, and draw management — so you get a lender who speaks your language.
"SwiftPath understands construction. The draw process is smooth, inspections are fast, and I always know where I stand. I've built four spec homes with them."
Chris M. — Builder/Developer, AZ
How It Works
Submit Your Plans
Plans, permits, budget, timeline, and GC agreement.
Get Your Term Sheet
Transparent pricing with a clear draw schedule. No surprises.
Build & Draw
Close on the lot, break ground, and draw funds at each milestone.
Get Pre-Qualified for Construction Financing
60 seconds. No credit impact. No obligation.