New Construction Loans in New Hampshire
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?
Construction loans require a licensed contractor, detailed construction budget, building permits, and architectural plans. You must either own the land or be under contract. Most lenders require a credit score of 660 or higher and at least 15% down. Funds are released in draws aligned with construction phases. We also evaluate builder experience, project scope, and your financial reserves. A well-prepared application with a clear exit strategy increases your chances of fast approval. Our loan process is built for investors who need timely, dependable capital to break ground quickly.
How do home construction loans differ from traditional financing options?
Home construction loans disburse funds in phases and charge interest-only payments during the build, while traditional loans disburse in full at closing and begin full amortization immediately. Construction financing is designed for active projects, focusing on builder credibility and project plans instead of income verification. It offers better alignment with STRs, duplexes, or custom homes under development. After completion, the loan is typically refinanced into a fixed-rate mortgage. The two-stage setup helps you manage capital and timing more efficiently than conventional mortgage routes.
What credit score is needed to qualify for new construction financing?
A 660 credit score is a common threshold for construction financing, though it’s not the only factor. If you have strong reserves, a licensed contractor, and a detailed plan, we may approve your application even with slightly lower credit. Our approach focuses on execution risk, not just credit score. We evaluate your draw schedule, comps, exit strategy, and budget structure to determine viability. A well-documented package often unlocks better terms, regardless of whether you have a perfect FICO. We prioritize funding good projects—not just good credit.
Are construction loans available to small business owners or just individuals?
Yes, construction loans are available to both small business owners and individuals. Many borrowers apply through LLCs or corporations, especially when building STRs or long-term rental portfolios. A personal guarantor with at least 20–25% ownership is usually required. Business borrowers benefit from underwriting that prioritizes project viability and builder credentials over traditional income documentation. If you're building as part of a business or real estate venture, our loan programs offer speed, flexibility, and support tailored to your needs. We fund projects, not paper trails.
What is the typical loan rate for construction financing?
Construction loan rates usually start at 5.50%. The exact rate depends on your credit score, builder experience, liquidity, and project risk. These loans are interest-only during the build, which keeps early costs low. Once the project is finished, most borrowers refinance into DSCR loans or fixed-rate mortgages. We review your entire application—from permits to budget—to price accordingly. A well-organized plan usually results in a smoother process and better terms. Our focus is on supporting fast-moving investors and developers with rates that make financial sense at every stage.
What types of loans are best for new construction projects in New Hampshire?
The best loans for new construction projects in New Hampshire are interest-only draw loans that release funds in phases. These loans are perfect for STRs in the White Mountains, ADUs near Portsmouth, or multifamily builds in Manchester. We finance up to 85% of land value and 100% of vertical construction costs. Once construction wraps, you can refinance into a DSCR or long-term mortgage. Our New Hampshire loan programs offer fast closings, minimal paperwork, and terms built to match your timeline. We help investors build quickly and exit cleanly.
Explore new construction loans and other short-term rental loans in neighboring states like Arizona and Colorado to grow beyond New Mexico.
