Program Highlights

Ground-Up Construction Loans

Money Financial Group supports lot and construction financing based on approved building plans
Finance up to 60% of the lot’s purchase price
Receive up to 85% funding for construction expenses outlined in permits and plans
12- and 18-month interest-only payment terms available
Perfect for SPEC homes intended for sale or rental properties

Kickstart Your Project with Ground-Up Construction Loans

Payment Deferral Program

Qualified borrowers may delay their first payment for five months by incorporating the first four months of interest into the loan

Simplified Documentation Process

Qualifying is easy—no income documentation needed. Get funding with minimal paperwork

Flexible Payment Terms

Choose between 12- or 18-month interest-only plans that fit your timeline and budget

FREQUENTLY ASKED QUESTIONS

Do I need building experience to qualify for the Ground-Up Construction loan?

Yes, eligibility requires a track record of three new builds or two builds combined with a $200,000+ major renovation

How does the Ground-Up Construction loan pricing work?

We evaluate your project scope, builder credentials, financial assets, and credit to ensure competitive pricing

What’s the minimum credit score for eligibility?

To qualify for Ground-Up Construction loans, a credit score of 680 or higher is required

What is the closing timeframe for a Ground-Up Construction loan?

Ground-Up Construction loans typically close within 25 to 45 days, faster with timely submission of required documents

Is it possible to close these loans through a business entity or LLC?

Yes, Ground-Up Construction loans may be closed in an LLC or business entity for business-oriented borrowers

Is cross-collateralization an option for securing a loan?

Yes, you can cross-collateralize by leveraging more than one property to secure the loan

Is it mandatory to obtain permits?

Yes, permits from the local authority are essential to ensure your project adheres to all relevant regulations and standards.

How does the holdback draw process work? Does it require an inspection?

Yes, funds are disbursed in stages after each project phase is completed and passes inspection by a third-party vendor.

Is there a fee for draws?

Yes, there is a draw fee, which ranges from $150.00 to $250.00 per draw.

Is a GC license necessary for my contractor?

Yes, your contractor needs a General Contractor (GC) license to demonstrate their qualifications in managing your construction project.

Is it possible to finance the loan origination fees?

Yes, loan origination fees can be included in the loan, lowering the initial cash outlay.

Is it possible to adjust the first payment for borrowers?

Borrowers who qualify can incorporate the first four payments into the loan, which adds to the loan balance but frees the builder from managing early-stage payments.