2026 Construction Loan Lenders for Chicago, Illinois

Lendersa® offers a comprehensive list of construction loan lenders in Chicago, IL, which includes regional banks, national financing firms, and local hard money lenders. These lenders use private money to support both ground-up constructions and major rehabilitation projects.

In Chicago, IL, lenders calculate the construction costs of a 2,000 square foot home, estimating expenses from $212,352 for basic construction to $385,775 for more luxurious endeavors. Interest rates and terms for construction loans vary based on the borrower's financial details, Loan-to-Value (LTV), After-Repair Value (ARV), and the lender type chosen.

Explore loan offers from 100 different lenders to find the most beneficial options for your financial needs.

Discover the magic of the construction loan calculator

To comprehensively address all your construction financing requirements, Lendersa® utilizes AI technology to promptly match your loan request with a vast network of construction lenders. You can explore top-tier construction rates for funding your ground-up construction, fix-and-flip projects, or major renovations on residential and commercial properties within IL.

Are there construction loan lenders near you?

Avoid unnecessary inquiries to help maintain your credit score. Secure preapproval for your land loan without the need to provide your social security number or any sensitive financial information.

You may be able to qualify for 100% LTV (Loan to Value) financing by pledging additional property as collateral through a blanket loan agreement.

Leverage the Lendersa® land loan calculator to find vacant land loan lenders across zip codes 60018, ensuring access to beneficial solutions tailored to your circumstances.



Chicago Construction Loan Lenders

  • Wintrust
  • 9700 W Higgins Rd, Rosemont, IL, 60018
  • Lends in Illinois
  • Wintrust, a financial holding company offering community and commercial Banking, wealth management, and mortgage services, has served Chicago’s communities since 1991. Wintrust was founded on the idea of being the alternative to the big Banks. We believe there is a need, and desire, for a true community Banking experience

  • Peoples Choice Financial Corp
  • 2860 South River Road, Suite 400B, Des Plaines, IL, 60018
  • Lends in Illinois
  • PCF, we are a local Mortgage firm, and we pride ourselves in helping every family find the best program available for their home purchase or Refinance, many times with lower rates, up to .5% to .75% lower than other lenders, helping keep your mortgage payments low. and also Will work on getting your loan completed in an efficient manner.

  • Alliant Credit Union
  • 11545 W. Touhy Ave, Chicago, IL, 60666
  • Lends in Illinois
  • Alliant is a not-for-profit financial cooperative, which means all of our members are also owners, and we constantly strive to foster our members’ financial well-being and serve their best interests. We offer award-winning rates, allowing our members to save more and earn more. Alliant also provides members with retirement and investment services.

  • GRU Financial Corporation
  • 1410 Higgins Road, Suite 103, Park Ridge, IL, 60068
  • Lends in Illinois
  • At GRU Financial we provide various types of financing for individuals and businesses. Our expertise and partnerships with national lenders guarantee complete satisfaction of your financial needs. We will provide you with free credit and income analysis, and advise you how to prepare for the purchase.

  • Forum Mortgage Bancorp
  • 7221 West Touhy, Chicago, IL, 60631
  • Lends in Illinois
  • Forum Mortgage Bancorp., an Illinois Residential Mortgage Licensee, specializing in residential and commercial mortgage financing. Our firm works & maintains close working relationships with over 50 reputable banking institutions. Thus, Forum Mortgage Bancorp. is able to offer an extensive range of mortgage programs at the most competitive rates.

  • Integra Financial Group Inc
  • 6565 North Avondale, Suite 200, Chicago, IL, 60631
  • Lends in Illinois
  • Integra Financial Group is an Illinois Residential Mortgage Licensee, specializing in residential mortgages, refinance, home equity loans and more. Our mission is to continue to be committed to improving the lives of our customers by providing quality services and a competitive range of mortgage solutions through integrity and accountability.

  • Parkway Bank and Trust Company
  • 4800 North Harlem Avenue, Harwood Heights, IL, 60656
  • Lends in Illinois
  • Parkway Bank and Trust Co. is a locally owned and operated financial institution offering a wide array of financial products and services. Committed to growth and consistently offering the best in customer service, Parkway Bank and Trust Co. continues to be a community leader in banking.

  • Mortgage Square Inc
  • 8047 North Milwaukee Avenue, Niles, IL, 60714
  • Lends in Illinois
  • Our mission is to set a high standard in the mortgage industry. We are committed to quality customer service - putting the people we serve first. Our goal is to carefully guide you through the home loan process, so that you can confidently select the best mortgage for you and your family from the many mortgage options that are available today.

  • First American Bank (Chicago)
  • 700 Busse Road, Elk Grove Village, IL, 60007
  • Lends in Illinois
  • At First American Bank, we're small enough to provide the personal attention that makes you comfortable coming to us for a multi-thousand-dollar auto loan. As the largest privately held bank in Illinois, we're big enough that you can also get multi-million-dollar financing if your company exports auto parts – or anything else.