Bookend Lending LLC · Independent NH Mortgage Broker
Construction Loans
in New Hampshire
Helping People Build Better Places
Born in NH★ Licensed in NH★ Focused on NH
Understanding the process
How construction lending works
When you buy an existing home, the financing is straightforward — you find the home, get approved, and close. Construction is a different process. The home doesn’t exist yet, which means the financing has to account for the building phase before the permanent mortgage kicks in.
In general terms, construction financing works in phases. First, funds are used to pay for the land and the cost of building. As construction progresses, money is released in stages — called draws — based on work completed. Once the home is finished, the financing converts to a permanent mortgage — the loan you’ll pay for the next 15 or 30 years.
The details — how many draws, who administers them, what the interest rate is during construction, and how the transition to a permanent loan works — vary depending on the loan program. That’s exactly what this site is designed to help you understand.
Find your path
Which path is right for you?
Construction lending looks very different depending on what you’re building and why. Tell us which describes you:
Homeowner path
I am building or buying a newly built home to live in
Whether you’re purchasing from a builder or building your own from the ground up — including one-time close programs for Conventional, FHA, VA, and USDA — we’ll help you find the right fit.
Explore your optionsInvestor & builder path
I am a real estate investor
Fix & flip, ground-up construction, ADU financing — investor construction lending is a different product for a different purpose. No tax returns. Project-based underwriting.
Explore your optionsNot sure where to start?
Reach out — I’d love to hear about your project.
One conversation usually points us in the right direction.
Bookend Lending LLC · Independent Mortgage Broker · Licensed in NH