The Best Construction Loan Lenders of 2022

We recommend the best products through an independent review process, and advertisers do not influence our picks. We may receive compensation if you visit partners we recommend. Read our advertiser disclosure for more info.

A construction loan is a type of short-term loan that a borrower or a builder uses to finance the building phase of a new home. You may choose to get a construction loan if you’re remodeling your current home, planning to build a new home yourself, or hiring a builder to build you a new home on a piece of land that you’re purchasing.

Residential new construction is rising and based on the number of new permits, it will continue to do so for the foreseeable future. In 2020 about 1.47 million housing units were started. All of this new construction means that there will be a need for construction loan lenders. 

We reviewed more than a dozen construction loan lenders before choosing the top seven, considering the types of loan programs they offer along with their required down payments, minimum loan requirements, and interest rates. Read on to see which construction loan lender is right for you.