Who is your favorite construction loan lender to work with in Northern California?

jiyan · May 10, 2018, 9:11pm

For those who’ve worked with construction loan lenders, do you have a favorite? What have you found to be the differences (if any) between different lenders that you like (and don’t like)?

isam · May 17, 2018, 5:11am

Hi, can the question be specific to a specific area / state.
It depends on the area you are located at, some banks in Boston are not the same in NJ, Seattle, Arizona, Florida & California.

jiyan · May 18, 2018, 5:16am

Yeah, I should have clarified. I was actually primarily curious about lenders in the NorCal region.

everlastconstruction · May 19, 2018, 11:46pm

There is many lenders for construction loans the most popular are:

Hero program
Renovate America (group of few companies energy loans)
Green Sky
Aqua Finance
Wells fargo

chudesignbuildllc · July 28, 2018, 7:58am

The best loan programs (from the homeowner’s perspective) are those designed for homeowners who occupy the home as their primary residence. Examples include FHA 203(k), Fannie Mae Homestyle, and custom construction loans.

In general, those will have the lowest rates/fees.

For spec construction projects, I would recommend talking to local community banks, which may have more competitive offerings that hard money lenders/private lenders.