Finance your land and custom home with one loan

Thinking about building your dream home? A construction loan lets you finance the land and the build in one simple package. Whether you’re working with a builder on a new home or planning to build on land you already own, construction loans in Colorado make it possible to bring your vision to life.

We help home buyers and landowners across Centennial, Castle Rock, Parker, Denver, and throughout the state find flexible financing for new construction.

What is a construction loan?

A construction loan is a short-term mortgage that covers the cost to build a home, from foundation to final finishes. Many programs offer a one-time close, meaning you close on both the construction and permanent financing up front saving you time and money.

There are also options to finance just the lot, just the build, or both combined.

Features of construction loans

  • One-time close options – one closing, one loan, one easy process
  • Interest-only payments during construction
  • Convert to a fixed-rate mortgage once the home is complete
  • Finance the lot and construction in one package
  • Customizable for primary, vacation, or investment properties

Construction loan requirements

– Credit score of 680+ recommended
– Builder approval may be required (licensed and insured)
– Detailed construction plans and budget needed up front
– Down payment of 5–20% depending on program
– Inspections and draws throughout construction to release funds

We’ll help you coordinate between your builder, appraiser, and title company so that everything moves smoothly from start to finish.

Learn more about construction loans at the Consumer Financial Protection Bureau

Building a home is exciting but it comes with a lot of moving parts. We’re here to simplify the financing so you can focus on the fun part: designing your dream home.

Call or text us at 303-670-0137, email rbaxter@choicemortgage.com, or request your custom quote. We’ll walk you through the numbers and timelines so you can build with confidence.

*Guidelines current as of May 2025