New Construction Loans in Nebraska
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.
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!
Frequently Asked Questions
What are the requirements for getting a construction loan?
To qualify for a construction loan, you’ll need a licensed builder, building permits, architectural plans, and a full construction budget. Most lenders require at least 15% down and a 660+ credit score. You must own or be under contract for the land. At BNB Lending, we disburse funds in draws as your project hits milestones—foundation, framing, finishes, and so on. We evaluate builder experience, liquidity, and comps. A clearly structured timeline and solid documentation can help you get approved faster and stay on track through each phase.
How do home construction loans differ from traditional financing options?
Construction loans release funds in stages and require interest-only payments during the build. Traditional mortgage loans, by contrast, offer lump-sum funding and start amortization immediately. Construction loans focus on builder qualifications, project feasibility, and cash flow—not just personal income. They’re especially useful for STR builds, duplexes, and ground-up investments. After construction is complete, borrowers typically refinance into long-term mortgage products. This two-step model allows you to manage early expenses and reduce risk while aligning financing with actual construction progress. It’s a smarter way to fund real estate development.
What credit score is needed to qualify for new construction financing?
A credit score of 660 or higher is commonly required for construction loans, but that’s just the starting point. We also assess builder credentials, financial reserves, project scope, and exit strategy. If your credit score is slightly lower, other strengths—like detailed planning or strong liquidity—can help offset it. Our loans are designed for investors and builders, not just W-2 borrowers. We take a common-sense approach that focuses on execution and documentation. With the right team and plan in place, we can often structure a competitive loan even with less-than-perfect credit.
Are construction loans available to small business owners or just individuals?
Construction loans are absolutely available to small business owners and LLCs—not just individuals. We often lend to corporations and partnerships developing STRs, duplexes, or infill builds. A personal guarantor with at least 20–25% ownership is typically required. Business owners benefit from underwriting that looks at the project itself—permits, budget, timeline—not just personal income. If you're running a real estate business, our construction loan model helps you fund projects with speed and flexibility. You bring the plan, and we’ll tailor a loan around your business strategy.
What is the typical loan rate for construction financing?
Construction loan rates usually start at 5.50% and vary based on credit score, builder track record, project size, and complexity. These loans are interest-only during the build, helping you manage costs while your home or rental takes shape. After completion, borrowers typically refinance into long-term mortgages. We base our pricing on your timeline, exit strategy, and documentation quality. Better prep leads to faster approvals and better terms. Whether you're building one property or many, we structure rates that reflect the real-world demands of your project—not cookie-cutter formulas.
What types of loans are best for new construction projects in Nebraska?
The best loans for new construction projects in Nebraska are phased draw loans with interest-only terms. These are perfect for STRs in Omaha, duplexes in Lincoln, or infill projects in smaller markets. We finance up to 85% of land value and 100% of vertical construction. After the build is complete, you can refinance into a DSCR loan or long-term mortgage. Our Nebraska loan programs offer quick closings, flexible underwriting, and funding aligned with your project milestones. For developers and investors who need real control, this is the smart way to build.
Explore new construction loans and other Airbnb loans in neighboring states like Maine and Massachusetts to expand beyond New Hampshire.
