Construction loans allow landowners to borrow money to build a home from the ground up. While a traditional mortgage, also called a permanent loan, will help you buy an existing house, starting with raw land requires a construction loan. While these loans are a bit more difficult to obtain and often attached to higher rates, many lenders can finance your project.

The best construction loan lenders offer low rates and flexible loan amounts. They also feature low down payment and credit requirements that make it easier for borrowers to qualify. Top lenders offer construction loans in a wide range of geographic areas across the country. Many lenders also offer multiple different types of construction loans depending on your specific situation.