Champions Mortgage acts as your construction loan broker connecting Dallas builders with construction-to-permanent financing programs. Whether you’re starting from raw land in Frisco or finishing a custom build in Southlake, we find construction loans in Dallas that match your project. Our construction financial solutions include lot loans, one-time close construction loan options, and programs to help you build on property you already own across the DFW metroplex.
Get competitive rates, flexible terms, and expert guidance throughout the construction process.
Dallas construction loans give you the financing flexibility to build exactly what you want. When existing inventory doesn’t meet your needs, custom construction lets you control every detail. Champions helps DFW families secure construction-to-permanent loans with terms that work for your budget and timeline.
Design your primary residence or second home from scratch. Choose your floor plan, finishes, and lot location. Construction loans to purchase land and finance building costs let you create the perfect home rather than settling for existing properties.
One-time close construction loan programs let you lock your interest rate before your first shovel hits dirt. Protect yourself from rate increases during the 6-12 month construction loan period. Your rate stays fixed from approval through completion of construction.
Make interest-only payments during the construction phase while your builder works. You only pay interest on funds actually drawn and released to the contractor. Full principal and payment amounts don’t start until you move into your finished new home.
Buy your Dallas lot and fund home construction with a single loan. Construction-to-permanent financing covers both the land purchase and building expenses. Your equity in the land can count toward your required down payment if you already own the property.
Many construction programs don’t require private mortgage insurance even with lower down payments. Structure your financing properly and keep more money available for upgrades and custom features in your new construction.
We connect Dallas builders with multiple construction loan programs. Compare your options:
Most popular option for Dallas home builders. Close once, lock your rate, avoid duplicate fees. Your construction financing automatically converts to your permanent loan when the final inspection passes and you receive your certificate of occupancy.
Similar structure to one-time close but with slightly different mechanics. During building, you pay interest on drawn funds. When construction is complete, the loan is converted to traditional mortgage financing with principal and interest payments.
Short-term loan (12-18 months) covering just the construction phase. When your builder finishes, you refinance into permanent financing through a second closing. Two separate transactions, two sets of fees.
Two-loan structure for Dallas buyers not ready to build immediately. Finance your land purchase now, add construction financing when you’re ready to build your home. The lot loan either converts or gets paid off when construction starts.
FHA offers construction-to-permanent programs with down payments as low as 3.5% for qualified borrowers. Lower credit requirements make this accessible for first-time builders. Builder must meet FHA construction program standards.
Need financing to complete a partially-built home? These specialized loans fund completion of stalled construction projects. Lenders evaluate the existing work, verify builder capability, and fund remaining construction through inspected draws.
We make the construction loan application and lending process as simple as possible:
Contact Champions to discuss your Dallas construction project. We’ll review your financial situation, explain construction loan programs available, and estimate your budget. Get pre-qualified in 1-2 business days.
Once you have construction plans and a builder contract, complete your formal application. Submit documentation showing income, assets, credit history, and construction specifications. Your construction loan broker reviews everything before submitting to underwriting.
The lender orders your subject-to-completion appraisal. An appraiser evaluates your plans, lot location, and Dallas market comparables to determine projected value. Underwriters verify all documentation and confirm you meet construction program guidelines.
Attend your closing, sign documents, pay your down payment and closing costs. Receive your construction loan approval. Your builder can break ground immediately. Make interest-only payments during construction, then transition to your permanent financing when your new home construction is complete.
When you choose Champions Mortgage for your Texas FHA loan, you get experienced Texas mortgage professionals dedicated to helping you secure an FHA loan that fits your budget and goals:
As a construction loan broker, Champions accesses multiple construction lenders. We compare terms, rates, and requirements from various sources. You get more financing options than working directly with a single lender or credit union.
We’ve helped hundreds of DFW families build custom homes. Our mortgage loan specialists understand Dallas construction costs, reliable local builders, and neighborhood values. This local knowledge helps you make better decisions.
Construction financing is more complex than traditional home loans. We explain draw schedules, inspection requirements, and the conversion process clearly. You’ll understand exactly what happens at each stage before you start.
Our established lender relationships and experience with construction documentation help move your loan application efficiently. Most Dallas construction loans close in 30-45 days when you have plans and a builder contract ready to build.
We offer construction-to-permanent loans, one-time close financing, lot loans, FHA construction options, and specialized programs. Different situations need different solutions. We match you with the right construction financial solutions for your project.
Champions Lending LLC dba Champions Mortgage
Your Trusted Mortgage Partner for Home Loans.
