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100% LTC
Available for Spec Construction

High loan amounts. Bank pricing: Rates as low as Prime +1%.

Call (866) 841-0452
  • Lock in a line of credit, get a 5 year commitment at set pricing and terms
  • Fast Approval - Easily add projects
  • Total fees - over 5 years - limited to 2.5% of line amount
  • Competitive Rates - Starting at Prime + 1%
  • Same day draws possible
  • Floating rate option - If interest rates drop you save!

Benefits

  • Lock in a line of credit, get a 5 year commitment at set pricing and terms
  • Fast Approval - Easily add projects
  • Total fees - over 5 years - limited to 2.5% of line amount
  • Competitive Rates - Starting at Prime + 1%
  • Same day draws possible
  • Floating rate option - If interest rates drop you save!
  • Bank-like pricing without any requirement for deposits or any other business banking
  • Unlimited SPEC
  • Luxury Builders - ask about loan advances on materials deposits
  • No default fees or increased interest rate if default
  • No interest on interest
  • No escrow accounts
  • No reserve accounts
  • No prepayment penalties
  • Avoid extension fees / No extension fees charged
  • Ask how we can help with land inventory
  • Ask how we can fund working capital
  • Ask how we can fund deposits
  • Ask about "skipping" monthly interest payments

Get a Free Quote

What Builders Are Saying

Many 5 star reviews and we want to earn more!

"Dan Kolbe at Builder Finance has been the most on point person in the builder lending world that we have worked with."

Mike K.
Michigan

"All of our closings have gone smoothly as have all of our draws."

Tonya
North Carolina

"…would like to thank Builder Finance for being such an awesome company to work…"

Janet
Montana
Row of modern white townhouses under a cloudy blue sky, with a lone tree and construction materials in the foreground

100% LTC
+ Great Pricing
= Dream Loan

Our line of credit can deliver 100% Loan-to-Cost with LOW pricing and GREAT terms.

  • "Skip" monthly interest payments
  • Same day draws
  • Interest as low as Prime +1%
  • Lender fees limited to 2.5% of line amount for 5 years - no extension fees, no prepayment fees, no underwriting fees, and no increased fees or rate if in default
  • Only pay interest on drawn funds
  • No interest on interest
  • No reserve accounts, no escrow accounts, no "net funding" of interest

Three Key Steps of the Process

From application to 5-year lending commitment

Step 1

A coin and a checkmark

Upfront

Quick check to see if qualified.

Step 2

Plans

Projects

Lock in terms, then access funding as you want for 5 years worth of projects.

Step 3

Hands holding a bag of money

Draws

Easy online/mobile draw application – get funded in as little as 1 click.

SPEC Builder Line of Credit Features

Flexible financing designed specifically for spec home builders.

Aerial view of a luxurious hillside neighborhood with Mediterranean-style homes featuring terracotta roofs, lush greenery, winding roads, and blue skies
Hands holding money

100% Loan-to-Cost (LTC)

Up to 100% of total project costs including eligible land, construction, and soft costs.

Money bag

Loan Amounts

Up to $5,000,000 per project.

Hand holding a coin

Same Day Draws

Easy online system.

Dollar and down arrows

Low Fees

5 years of money access - borrow and re-borrow as needed - for total fees limited to 2.5% of the line amount

Percentage symbol inside a house

Interest Rates

Prime +1% to Prime +3%.

World with a location pin and a house

Geographic Coverage

Available in 48 states across the US.

Credit card and a checkmark

Credit Requirements

No minimum credit score, 660+ preferred.

Briefcase and a clock

Experience Required

Minimum 2 completed SPEC home projects.

Dollars and a checkmark

Prepayment Penalty

None.

*Rates subject to change based on market conditions and borrower qualifications

Why Choose Builder Finance?

Great advance rate, great pricing.

Badge

Reliable

A direct lender with 10+ years of experience

Grow graph chart

Growth Support

Ask about what else we can do to support your business like no-fee land loans and second mortgage land loans.

Hand holding a house

SPEC Focused

Able to use all funding for SPEC projects

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Bank and a dollar symbol inside a house

Bank Pricing

Our rates are among the best in the industry.

Fast stopwatch

Fast and Easy

Minimal paperwork to fund new projects.

Operator

Service

Work with the same dedicated loan officer.

Builder Finance Service and Flexibility

Hand and book

Honest

Paramount principles - guiding every interaction and process - are honesty and integrity.

Hands holding a transparent paper

Open

We do things differently like posting pricing and providing an online estimator. Our goal is unmatched transparency.

Clock inside a gear

Efficient

Our goal is to get our clients what they want as quickly and easily as possible without taking undue lending risk.

Frequently Asked Questions

Yes! We finance 100% of your total project costs.

Once a final appraisal is received, we target a loan decision within one business day and delivery of closing documents within two business days.

There is no hard minimum credit score to qualify. 

Yes. We specialize in providing revolving Spec Lines of Credit (typically 5-year terms) designed specifically for builders managing multiple concurrent projects. 

You can qualify with as few as five completed houses. If you have less experience, we can often use the track record of a qualified General Contractor to help you meet eligibility requirements. 

NO. Other than the upfront fee which will not exceed 2.5% of the line amount, we charge NO OTHER FEES. We do NOT charge “Dutch Interest” (interest on undrawn funds) or prepayment penalties. Even if the loan goes into default, there are NO default fees and we do NOT increase the rate of interest.

Build Your Spec, borrow up to 100% Loan-to-Cost

Bank rates as low as Prime +1%. No fees after closing. Fund your entire project from land to completion.

Call us now or submit the form above. Our lending specialists are standing by.