The Lendersa® selection of construction loan lenders in Selma, AL, includes a variety of options such as regional banks, nationwide lenders, and local hard money lenders who employ private capital for ground-up construction projects or extensive renovations.
In Selma, AL, lenders estimate the construction cost of a 2,000-square-foot home to range from $213,711 for fundamental builds to $388,456 for more upscale constructions. The interest rate and loan terms vary, largely determined by financial details, the loan-to-value ratio (LTV), the after-repair value (ARV), and the selected lender type.
Compare offers from 100 different lenders
To comprehensively meet your construction financing requirements, Lendersa® offers AI technology that instantly aligns your loan request with hundreds of construction lenders. Uncover superior construction rates to fund projects, whether for new developments, fix-and-flip, or major renovations of both residential and commercial properties in AL.
To safeguard your credit score, avoid unnecessary inquiries. You can obtain preapproval for a land loan without divulging your social security number or sensitive financial data.
You might qualify for 100% LTV financing if you're willing to pledge additional property as security in a blanket loan arrangement.
Leverage the Lendersa® land loan calculator to find available land loan lenders in zip codes 36703, 36701, 36702.
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Construction Loans Guides
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NMLS 1795154
