Spec Home Construction Loans & Builder Financing | Fast Closings Nationwide
New Spec Home Financing and Spec Home Loans that close in as little as 8-10 days
See why builders choose us for their New Construction Loans
What Is a Spec Home Construction Loan?
A spec home construction loan is a short-term loan used to finance residential projects without a pre-sold buyer. The loan is structured around the projected resale value (ARV), giving builders flexibility to sell once construction is complete.
Compared to traditional bank loans:
- Faster underwriting and approval
- Greater flexibility in project scope
- Designed for builders seeking rapid development cycles
Using Lot Equity as Down Payment
Turn your construction lot into leverage—builders may qualify for up to 75% of the lot’s value toward the loan, boosting total loan-to-cost (LTC) up to 90%. Permitted lots and accurate valuations increase your loan approval odds and reduce out-of-pocket costs.
How are Hard Money New Construction Loans and Spec Home Construction Loans different?
Hard money new construction loans are similar to spec construction loans in that they are both short-term and involve a high degree of risk for the lender. Hard money new construction loans, however, provide even more flexibility than spec loans and often come with higher interest rates and points as well. These types of loans can be used when traditional lenders won’t finance a project due to its complexity or other factors like lower credit score on part of the borrower.
In either case, both spec construction loans and hard money new construction loans require extensive paperwork, including detailed plans and cost estimates for the proposed project. It is also important to find an experienced lender that understands all the nuances involved in financing such a high-risk investment. With careful research and planning, these types of loans can be an attractive choice for builders looking to get their projects off the ground quickly without breaking the bank.
Hard Money Loans for New Construction – Close in 7–10 Days
1–4 unit residential construction loans. 680+ mid credit required. Licensed builders or 1 new build in last 36 months. Approvals in 24 hours. Same‑day draws.
Spec Home Construction Loans & Builder Financing | Quick Funding for New Builds Nationwide
Get flexible financing for 1–4-unit residential projects with fast approvals, interest-only payments, and draw-ready capital. HardMoneyMan.com LLC helps builders fund ground-up construction with speed, simplicity, and nationwide reach.
At HardMoneyMan.com LLC, we specialize in spec home construction loans designed for builders seeking quick, flexible funding. Whether you’re building a single residential home or a small portfolio of properties, our new construction loan programs offer unmatched speed and simplicity.
Why Builders Choose Our Spec Home Financing
- Up to 90% Loan-to-Cost (LTC) Based on your total project budget—including land value
- Up to 70% Loan-to-ARV (After Repair Value) Maximize your return with smart financing
- 12 to 24-Month Terms Flexible timelines for ground-up new builds
- Interest-Only Payments Pay interest only on drawn funds—no upfront burden
- Same-Day Draws via Snap App Submit draws before noon ET and receive funds the same day
- 1–4 Unit Residential Projects Ideal for spec homes, small developments, or infill lots
Smart Funding for Serious Builders
Whether you’re building one home or ten, we simplify your financing:
- Loans from $50K to $3M
- Closings in 8–10 days
- 680+ credit score required
- Heavy rehabs with $250K+ budgets may qualify as experience
Program Highlights:
- Up to 90% LTC, 70% LTARV
- Loans from $50K to $3M
- 12-month term, with 18–24-month options case by case
- New construction loans are interest only, with interest on the construction portion paid only when drawn.
- The quickest draw process in the industry, with draws paid same day (draw submitted before noon eastern, or next day if draw submitted after noon eastern)
- 1 – 4 Unit Residential Only
- Rates start at 10.25%
- 1+ New Build and 680 mid score required
- Heavy rehabs ($250k+ verified budget and or add a level/added square footage) considered toward new construction qualifications
- Closings in 8-10 days
Spec Home Construction Loan Financing fast!
Hardmoneyman.com LLC is the market leader for spec home construction loans. We have made thousands of hard money spec home construction loans over the last 2+ decades.
While many lenders claim to make ground up construction loans, we have built houses ourselves and understand exactly what our borrowers are looking for in a lender on their deals.
With our commonsense underwriting and quick closings, you will never look for another lender again after closing your 1st deal with us!!
New construction spec home loans require a lender that understands the whole process from acquiring the lot (or lots and putting the pieces of the land together), to entitlements, permits, approved plans and then most important, closing your loan and getting your draws done quickly.
Submitting your application package for a Ground Up construction loan is quick and easy
Frequently Asked Questions
What is a spec home construction loan?
A short-term loan designed for builders to finance homes without a pre-sold buyer.
How fast can I close?
Most spec home loans close in 8–10 days with complete documentation.
Do you finance multiple spec homes at once?
Yes, portfolio financing is available for builders managing several projects.
Can lot equity count toward my down payment?
Yes, up to 75% of lot value may be credited toward your equity requirement.
What credit score is required?
Typically 680+ with builder experience, though strong projects may qualify with flexibility.
How does the draw process work?
Same-day draws are available when submitted before noon ET, keeping projects moving quickly.
Do you lend nationwide?
Yes, we provide spec home financing across the United States.
Are heavy rehabs eligible?
Yes, large rehabs ($250k+) may qualify as new construction experience.
What loan sizes are available?
Loan amounts range from $50,000 to $3,000,000 depending on project scope.
Do you require income documentation?
No, approvals are based on project strength and builder profile, not personal income docs.
Designed for Serious Builders
Whether you’re building one home or ten, our spec loan program delivers speed, flexibility, and up to 85% LTC.
Overall Loan Criteria for New Construction
- 680+ Mid Credit Score
- Minimum 1 or more new builds and sales in the last 36 months or licensed builder with 2 built for others last 36 months
- Rates Starting at 10.25%
- 12-24 Month Term
- Loan Amounts from $100k – $3M
- This is for 1-4 unit residential and townhouses only
Lot Purchase + Construction
- 680+ Mid Credit
- 60% of lot cost if unpermitted
- 75% of lot cost if permitted
- 100% Construction cost
- Up to 90% Total Loan to Cost
- 70% Completed Value max loan
- Minimum 1 new build and sale in the last 36 months required or licensed builder with 2 or more built for others
- Low LTV loans have the option to build payments in from equirt
- 1-4 unit residential and townhouses
** The above percentages are based on credit and experience
Construction Funds Only (Lot Already Owned)
- 680+ Mid Credit
- Up to 90% Loan to Cost (Price you paid + construction cost x 90% is the max we can lend)
- 70% Completed Value max loan
- Minimum 1 new builds and sale in the last 36 months required
** The above percentages are based on credit and experience
Experienced Developer Program (3+ similar projects)
- Perfect for small development deals ($5M max loan)
- up to 10 1-4 unit residential homes
Ready to Fund Your New Construction Project?
Apply today and close in as little as 7 days with same‑day draws available.