Ascend Capital LendingStart with the full project
Review the land, preliminary plans, builder, budget, timeline, borrower qualifications, cash requirements, and long-term goals before committing to a structure.
Homeowners looking to build
Build the home you want—with financing designed around the project.
Whether you already own the lot or need to purchase land and build, the financing strategy should account for the entire project—not simply the finished home.
Build on your lot
Construction financing has more moving parts than a traditional mortgage.
Land ownership, builder approval, plans, budgets, contingencies, draw schedules, appraisals, completion timing, and your permanent mortgage all need to work together. Addressing those pieces early can help prevent avoidable delays and surprises after the project is underway.
Bill helps homeowners evaluate the financing path, understand the information lenders will need, and coordinate the loan strategy with the builder and project timeline.
From idea to completion
What the financing process needs to address
Choose the right financing path
Depending on the scenario, financing may combine the lot purchase and construction or use existing land equity toward the project. Program availability and requirements vary.
Prepare the construction package
A complete package commonly includes plans, specifications, a detailed budget, builder documentation, permits or approvals, a construction contract, and a realistic completion schedule.
Plan for draws and changes
Construction funds are generally released in stages as work is completed. Contingencies, inspections, change orders, cost overruns, and timing should be considered before construction begins.
Move into permanent financing
A One-Time Close construction loan may combine construction and permanent financing in one closing, helping reduce duplicated steps and uncertainty. Final terms remain subject to the selected program.
Talk through your build
Before you buy the lot or finalize the building contract, understand the financing path.
Share what you own, what you plan to build, your estimated budget, and where you are in the process. We can discuss the questions that should be answered before you move forward.
Construction and One-Time Close loan availability, eligible costs, builder approval, property eligibility, draw procedures, qualification requirements, rates, and terms vary by lender and program. All financing is subject to underwriting and approval.