The builder is part of the file
Plans, budget, contract and builder details are reviewed. Bring them to your first conversation.
loan programs
New Construction Loans
Construction financing pays for a home as it is built, with funds released in stages, and then transitions once the home is complete.
Designed to make building your dream home a reality. With flexible terms, competitive rates, and expert support, we guide you through every phase—from planning to completion—ensuring a smooth and stress-free process.
Program description as published on bossmortgage.com/products (preserved verbatim).What this financing is
A construction loan is reviewed differently from a purchase loan because the home does not exist yet. The lender reviews the plans, the budget, the builder and the timeline alongside your income, assets and credit.
Funds are released through a draw schedule as work is completed and inspected. Boss Mortgage guides borrowers through each phase, from planning to completion.
Who it may be a fit for
Homeowners building on land they already own
Buyers purchasing a lot and building
Buyers working with a custom builder
Homeowners planning a major rebuild
Borrowers comparing construction and bridge structures
Not sure if New Construction Loans fits your situation?
A licensed Boss Mortgage loan originator can look at the details with you and explain what applies to you.
What to think about
Draws follow the work
Funds are released in stages as construction progresses and is verified, not all at once.
Plan the transition
Ask early how the loan transitions once the home is complete so there are no surprises at the end of the build.
Timelines move
Construction schedules shift. Keep your loan originator informed as dates change.
How the process works
1. Get approved
Connect with a BOSS Mortgage loan originator, review your financing options, and provide the information needed to understand your buying power before you start shopping.
Connect with a BOSS Mortgage loan originator, review your financing options, and provide the information needed to understand your buying power before you start shopping.
Shop with a clear budget in mind. When you find the right property, your loan originator can help you understand the financing details that apply to that home and your offer.
Once you are under contract, the BOSS Mortgage team helps keep the loan moving through documentation, underwriting, and closing so you can get the keys and move forward.
Frequently asked questions
How does financing work when you build a home?
Construction financing is typically released in stages as the build progresses, and there is a defined transition once the home is complete.
Because timelines and draw schedules depend on the builder and the program, plan the conversation early with a Boss Mortgage loan originator.
Does my builder matter to the lender?
Yes. Construction programs review the builder, the plans, the budget and the timeline in addition to the borrower.
Bring your builder details to your first conversation so nothing is a surprise later.
What types of loans do you offer?
We offer a wide range of loan options, including Conventional, FHA, VA, USDA, Jumbo, and New Construction loans. Our team will help you choose the one that fits your needs and financial goals.
View Loan ProgramsHow do I get pre-approved for a mortgage?
Getting pre-approved is simple. Provide basic financial information, such as income, credit score, and debt details, and we’ll guide you through the process to determine your loan eligibility and budget.
How long does the mortgage process take?
The mortgage process typically takes around 30–60 days on average, but it can vary depending on the situation. It is recommended to get pre-approved for a mortgage to help keep the process as quick as possible.
What does a lender look at when reviewing a mortgage application?
Underwriting generally looks at income and how it is documented, assets available for down payment and closing costs, credit history, existing monthly obligations and the property itself.
Requirements differ by program and can change without notice, so the most useful next step is a conversation with a licensed Boss Mortgage loan originator who can review your specific situation.
Other programs
Bridge Loans
How bridge financing can help when the purchase of one home and the sale of another do not line up, from Boss Mortgage.
Learn more →Conventional Loans
Learn how conventional mortgage financing works, who it may suit and how to talk it through with a licensed Boss Mortgage loan originator.
Learn more →
Jumbo Loans
Jumbo mortgage financing for higher-value purchases and refinances, explained by the team at Boss Mortgage.
Learn more →
Manufactured Home Financing
Financing options for manufactured homes, and the details that affect eligibility, explained by Boss Mortgage.
Learn more →Ready to get started?
Every situation is different. We’ll help you understand your options and what may fit your goals.
This page is general information about mortgage financing and is not a commitment to lend, an offer of credit, or financial or legal advice. Program availability, guidelines and requirements are set by lenders and investors, can change, and depend on your individual circumstances and the property. Talk with a licensed Boss Mortgage loan originator about what applies to you.
Boss Mortgage LLC NMLS #2547821. See the Licensing page for state licensing information. Additional disclosures appear in the footer of every page.