New Construction Loans
Build your dream home from the ground up — single-close and two-close construction-to-permanent financing options.
Overview
Building a new home requires specialized construction financing that covers the building phase and transitions to a permanent mortgage. Airus Lending offers one-time close (OTC) programs that combine both into a single loan, as well as traditional two-close structures. Available through conventional, FHA, and VA programs.
Who Is This For?
- Buyers building a custom home on their own land
- Buyers purchasing from a builder/developer
- Veterans who want to build with zero-down VA construction
- Anyone wanting to design and build their ideal home
Recommended Programs
Loan programs that fit this buying scenario.
The Buying Process
What to expect from pre-approval to closing.
Plans & Budget
Finalize your plans, specs, and construction budget with a licensed builder.
Pre-Approval
Get pre-approved based on the project plan and your financial profile.
Build Phase
Interest-only payments during construction with draw-based funding.
Conversion
Loan converts to permanent mortgage — start full payments.
Frequently Asked Questions
Yes — most construction loan programs require a licensed, insured general contractor. Some programs allow owner-builders under certain conditions.