Spec Home Financing Solutions for Builders

Fund your next project with spec home financing designed for custom home builders.

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Spec Home Loans: How it Works

Paint roller revealing the details of a new spec home

Our spec home financing gets you the capital you need to complete your single-family home projects with confidence. Spec construction loans provide builders with the funds needed for land acquisition, materials, labor, and more.

We offer straightforward, member-focused rates, fast approvals, and a simple draw schedule with quick turnaround times to keep your project moving from foundation to final inspection.

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Spec home fully built and ready to be sold

Spec Home Financing Features

Whether you’re constructing your first spec home or expanding your business to build multiple homes, we offer spec home loan options for various project sizes and timelines.

  • Loan amounts up to $5.0 million (LTV and LTC case by case on loans over $2.5 million) 
  • Funding up to 80% LTC with LTV of 65% on loans up to $2.5 million
  • Single-family detached homes
  • Flexible draw schedules including 5 draw, 8 draw and percentage of completion
  • Local decision making with internal construction department for draw requests
Business people shaking hands

Spec Home Loans: Let’s Finance Your Next Deal

Ready to start building? Let our specialists tailor financing that fits your plans and your budget. Plus, with our spec home financing for Arizona builders – you get straightforward, member-focused rates, streamlined approvals, and expert guidance every step of the way.

When you partner with a local lender you get the advantage of personalized service and expert knowledge of the area – so you can complete your projects with confidence and maximize your returns.

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1. All loans are subject to credit approval. Terms and conditions apply. Interest rates may vary based on creditworthiness, loan structure, and loan-to-value ratio.

Frequently Asked Questions

What are spec construction loan requirements?

Our requirements typically include builder experience, credit history, project plans, cost estimates, and property details. We’ll walk you through each step to simplify your approval process.

What kind of projects qualify for spec home construction financing?

We finance single-family home properties — contact us to discuss your specific plans.

How do spec home loans differ from traditional mortgages?

Spec home loans are short-term and designed for builders, whereas traditional mortgages are for homebuyers. Spec loans fund the construction phase and are repaid or converted once the home is sold.

Can I access funds as my project progresses?

Yes, our simple construction loan draw schedule allows you to request funds at pre-set stages, ensuring you have capital to keep your project moving, with each draw tied to verified progress on your spec home.