New Construction Project — Approved Lender Partners

Combine short-term construction and permanent financing into one loan to save you money and protect yourself from rising rates.
Include the land purchase into your home loan.
Borrow up to 95% of the home’s value (660 minimum FICO).
Jumbo loans also available (720 minimum FICO).
Receive up to a 15-month term and make interest-only payments during construction.
Choose fixed or adjustable rates.
Purchase or refinance a 1–4-unit primary home or second (vacation) home.
Benefit from an interest rate reduction based on the market rate when construction is completed.
Count on your loan officer to be a consistent resource, and once your loan is approved, you’ll have a dedicated custom construction team to support you.
During the construction phase, live support is available or use Built, our online platform, to easily access the entire loan process, request loan draws, see key dates, check project status and more.
Financing also available for lot-only purchase, FHA, VA and USDA loans.

PROVIDES MORE BORROWING POWER: We consider your future energy savings to qualify you for greater buying potential. Using the Home Energy Rating System (HERS) report to determine your
eligibility, this realized value is available to those with a rating of 55 or lower*
LENDS UP TO 85% WITHOUT PRIVATE MORTGAGE INSURANCE ON LOANS
$824,999 AND BELOW
QUALIFIES FOR A REDUCTION IN LOAN FEES*

Starting as little as 10% down: We lend up to 90% LTC (Loan to Cost) on owner-occupied homes built with a licensed contractor.
What starts at, stays at OlyFed: We don't sell loans to third parties – that'd be like selling our relationship with you! We assure top-quality service by providing it ourselves.
Everyone gets the same rate, No risk-based pricing with our home loans, You get our advertised rate regardless of credit score.
Competitive interest rates – Automatically gives you the best rate before closing if a better number comes along, it's yours.
All in one financing: Close up-front on permanent financing – All in one loan no need to refinance and pay additional closing costs or take the risk of interest rates being higher.
Jumbo loans – need $725,000 or more? We've got this with competitive jumbo rates.

Land purchase, construction and final mortgage
Max 80% LTV (with proposed structure)
Minimum 700 credit score
1% Loan Origination Fee
Property needs to be rural
No acreage restrictions
Farm income producing properties are always eligible (schedule F income) or zoned for Ag (EFU, Forest Zoning, etc.)