"Spec" Loans

"Spec" construction loans are for building Investment or "Spec" homes for the purpose of re-selling them. We offer programs for both licensed general contractors and owner-builders who wish to build a home to re-sell.

Construction loans for Investment, or "Spec" properties are very difficult to obtain. Depending on your qualifications, we can offer Spec construction financing for single family, duplex, or 4 unit properties. Each property type has different qualification terms, so please contact us for more details.

Generally speaking, strong income, credit and assets are required for Spec financing.

 Single Family spec construction loans with as little as 10% down*.
 
 2 and 4 unit spec construction loans with as little as 20% down*.
 
 No Income verification programs available with larger down payment
 
 Land Equity can count towards down payment.
 
 Owner-Builder and GC loans available (terms vary, so please contact us)
 

(*Strict qualifying standards for lowest down payments on SPEC loans. Down payments of up to 35% may be required.)

You must contact us to discuss your specific project, our SPEC loan program is available in most, but not all states.

There is no 100% Spec Financing, unless you have owned the land for at least one year and it has enough equity to cover the usual down payment required.

Start with Requesting More Information in order to speak with a representative.