New Construction Loans in Kansas

From the foundation up, we’re by your side!

Ready to kick off your new construction project? BNB Lending offers fast, flexible financing with 1 to 2-year interest-only terms to help you get the job done efficiently. We provide funding for residential properties (1 to 4 units), multi-family units, condos, apartment complexes, commercial buildings, and hotel construction projects. Our financing covers up to 85% of the purchase price and 100% of vertical construction costs, ensuring your project is ready for rent or sale. Plus, with no prepayment penalties, you can refinance or sell whenever you're ready. Our quick closing process means you can get quoted and funded in as little as 14 days.

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How to qualify

To obtain a quote, we will need the following information:

Property Value and

 Purchase Price


Down Payment

Amount


Credit Score

 Asset Types

  • Single Family Homes
  • Townhomes
  • Condos
  • 2 - 4 Units (Duplex, Triplex, Quadplex)
  • Multi-Family: 5 - 8 Units
  • Mixed-Use: 2 - 8 Units
  • Multi-Family: 9+ Unit


Loan Terms

  • Loan Sizes: $100k up to $3.5 Million (Larger loan sizes available on a case by case basis)
  • Purchase LTV: Up to 85%
  • Rate & Term Refinance LTV: Up to 80% 
  • Cash Out Refinance LTV: Up to 80%
  • Amortization: 30 Year % 40 Year Amortization Options Available
  • Term Lengths: 5/6 ARMs, 7/6 ARMs, 10 Year Interest Only, 30 Year Fixed & 40 Year Fixed
  • Floor Rate: 5.50% (subject to change daily due to market volatility)
  • Full Recourse with personal guarantee required for all borrowers with majority ownership (typically 20%+ or 25%+ if closing in an Entity)
  • DSCR Requirement: 1.00x or greater depending on loan size and property type. Sub-1.00x DSCR and NO DSCR options available.
  • Vesting: Lending to Individuals, LLCs, and Corporations. Trusts Allowable on a Case by Case Basis.
  • Average Time to Close: 14 to 35 days

Wondering if you qualify for investment property financing in your area?


We offer lending services in all 50 states!

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Frequently Asked Questions

What are the requirements for getting a construction loan?

Construction loans require a strong project plan that includes architectural designs, an itemized budget, and a licensed builder. You’ll also need permits and either own or be under contract for the land. Most lenders require a 660+ credit score and 15%–20% down. We disburse funds in phases as your build progresses through key milestones. In addition to credit, we assess liquidity, contractor history, and comps. The more organized and detailed your application, the faster it moves. At BNB Lending, we’re built for efficiency—especially for real estate investors and repeat builders.

How do home construction loans differ from traditional financing options?

Home construction loans differ from traditional mortgages in terms of structure and flexibility. Instead of a lump sum, you receive draws as the project hits specific milestones. Payments are interest-only during the build, which preserves working capital. Traditional mortgages begin amortizing immediately and are best suited for completed homes. Construction financing focuses more on permits, scope, contractor experience, and project feasibility than on W-2s or income documentation. This makes it ideal for investors, STR builders, and developers. Once construction is complete, many borrowers refinance into long-term mortgage products with more favorable rates.

What credit score is needed to qualify for new construction financing?

Most construction lenders look for a credit score of 660 or higher. That said, strong reserves, detailed plans, and a qualified contractor can compensate for lower credit in some cases. We evaluate each deal holistically—including your exit strategy, builder experience, and comps. These loans are designed for builders, developers, and STR investors, so traditional income verification plays a smaller role. If you’ve got a solid project and the right team, we can often work with you on flexible terms. Better credit may unlock better rates, but a solid package goes a long way.

Are construction loans available to small business owners or just individuals?

Construction loans are available to small business owners, real estate investors, and individuals. Many borrowers apply through LLCs or corporations, particularly for STRs and multifamily builds. A personal guarantor with 20–25% ownership is typically required. We focus on the project, not your W-2 income, which makes these loans ideal for self-employed builders. You’ll need a licensed contractor, a line-item budget, and a clear exit plan. Whether you're building for cash flow or resale, our loans support business-minded borrowers looking for speed, flexibility, and reliability throughout the development process.

What is the typical loan rate for construction financing?

Construction loan rates usually start around 5.50% and are interest-only during the build phase. Final rates vary based on your credit score, project scope, and experience. These loans are short-term, so lenders focus on exit strategy and contractor reliability. Once the home is completed, many borrowers refinance into a DSCR or fixed-rate mortgage. At BNB Lending, we tailor rates based on market conditions, risk profile, and timeline. Well-prepared borrowers often access better pricing and faster funding. Our draw structure also helps manage cash flow and reduce surprises during the build.

What types of loans are best for new construction projects in Kansas?

The best loans for new construction projects in Kansas are draw-based, interest-only loans that release funds as you complete construction milestones. Kansas builders use these programs for STRs in Lawrence, duplexes in Wichita, and infill projects in Kansas City suburbs. Our construction loans cover up to 85% of land acquisition and 100% of vertical costs. Once the build is complete, borrowers often refinance into long-term mortgage solutions. These loans are ideal for business owners and investors who need flexible terms, fast closings, and minimal red tape while managing cash flow during development.

Explore new construction loans and other STR loans in neighboring states like Oklahoma and Arkansas to grow your reach beyond Louisiana.