Check your credit score and financial history
Determine your budget and construction costs
Save for a down payment
Gather income, asset, and debt documents
Choose a lender that offers construction loans
Prepare detailed building plans and specifications
Get a licensed builder or contractor
Submit the loan application
Provide property details and project timeline
Complete the lender’s appraisal and underwriting process
Review and sign the loan terms
Close on the construction loan
Begin construction and request draws as work progresses
Convert to a permanent mortgage if required