Construction loans with AI in Salem, MA [2026 list]

The Lendersa® directory of construction loan lenders in Salem, MA, features a comprehensive array of financial institutions including regional banks, national lending bodies, and local hard money lenders. These entities utilize private funding to support endeavors such as your ground-up construction projects or extensive rehabilitation efforts. Whether your objective is to build from the ground up or undergo a major rehab, this expansive list of lenders meets a broad range of financing requirements efficiently.

In Salem, MA, lenders estimate the construction costs for a 2,000 square foot home, with expenses beginning at $280,304 for basic construction and extending to $505,489 for more luxurious or elaborate projects. The terms of construction loans, inclusive of interest rates, vary greatly depending on numerous factors tied to the borrower's financial profile, the Loan-to-Value (LTV) ratio, After-Repair Value (ARV), and the type of lender ultimately selected. This variability allows for curated financing options tailored specifically to your project needs.

Harness the power of the magic construction loan calculator

Lendersa® ensures that all your construction financing demands are fully met through the use of sophisticated AI technology, which swiftly aligns your loan requests with a multitude of construction lenders. This process highlights optimal construction rates essential for funding everything from new builds, fix-and-flip projects, to substantial rehabs on both residential and commercial properties throughout MA. By leveraging this technological advantage, you gain access to expansive financial support essential for project success.

Compiled resources: Construction loan lenders near you?

Mitigating unnecessary credit inquiries is crucial in preserving a strong credit score. Thus, securing preapproval for your land loan without the need to divulge sensitive financial information like your social security number safeguards your privacy while responding to your loan needs.

You may be eligible for 100% LTV (Loan-to-Value) financing by opting to pledge additional property as collateral, referred to as a blanket loan, which amplifies your ability to leverage existing assets.

Utilize Lendersa®'s land loan calculator to identify vacant land loan lenders covering zip codes 01970, making the loan acquisition process more accessible and effective for your real estate ventures.

Salem Construction Loan Lenders
(978) 744-5450 Lender's profile and map Salem Five Bank 71 Washington Street, Salem, MA, 01970 Lends in Massachusetts At Salem Five, we understand the importance of helping our communities. Through the Salem Five Charitable Foundation, we are committed and continue to support a variety of community organizations ensuring vibrant and viable futures for the people whom these critical organizations serve.Salem Five is owned & operated for the benefit of its customers
(781) 990-0710 Lender's profile and map Clipper Commercial Capital 20 Waterside Road, Marblehead, MA, 01945 Lends in Massachusetts Clipper Commercial Capital, LLC is an advisory firm based in greater Boston, providing capital solutions for small and mid-size business nationwide. We work closely with a network of national bank and non-bank financial institutions to offer competitive rates, market knowledge, and specialized lending solutions.
(781) 631-6000 Lender's profile and map The National Grand Bank of Marblehead 91 Pleasant Street, Marblehead, MA, 01945 Lends in Massachusetts Incorporated in April of 1831 as the Grand Bank, later renamed the National Grand Bank, we officially opened our doors on November 18, 1831. That day we recorded $1, 500 worth of deposits and started our commitment to providing the citizens and businesses of Marblehead with the best service and banking products available.
(800) 862-7009 Lender's profile and map Community Credit Union of Lynn 1 Andrew St, Lynn, MA, 01901 Lends in Massachusetts Community Credit Union We offer free pre-qualifications, so you can shop for your home with peace of mind knowing that you’ll be within your budget. One of our Mortgage Lending Representatives can walk you through your options and the mortgage process step by step. No surprises, just low rates and unmatched service.
(877) 639-3331 Lender's profile and map New Fed Mortgage Corp. 98 High Street, Danvers, MA, 01923 Lends in Massachusetts NewFED Mortgage Corporation is not the only way to get your home financed, but it should be! Call us Old Fashioned but we treat each customer the way we would like to be treated. We have great support and sales staff who want to prove you made the right decision by choosing us for your financing needs.
800 259 1614 Lender's profile and map Universal Capital 10 Liberty Street, Danvers, MA, 01923 Lends in Massachusetts niversal Capital was established in 2010 by an experienced team of mortgage banking professionals. We provide time-sensitive interim and bridge financing using non-owner occupied residential and commercial real estate as collateral. We are a direct lender utilizing our own capital as our funding source. We internally underwrite our loans allowing u
(781) 246-2009 Lender's profile and map The Savings Bank 907 Main Street, Wakefield, MA, 01880 Lends in Massachusetts The Savings Bank is a community bank founded back in 1869 and is headquartered in Wakefield, Massachusetts in the heart of Middlesex County. TSB offers a complete range of both Commercial and Consumer banking products and has eight full-service branches. Member FDIC, Member DIF, and Equal Housing Lender.
(888) 402-2265 Lender's profile and map Stonehambank 80 Montvale Avenue, Stoneham, MA, 02180 Lends in Massachusetts StonehamBank is a full-service community bank offering state of the art products & services to residents and businesses throughout eastern Massachusetts and southern New Hampshire. In addition to providing progressive products and convenience services, StonehamBank believes in giving back to the community through its Community Involvement Program.
(617) 233-3097 Lender's profile and map MDO Mortgage LLC 10 Bremen Street, 2nd Floor, East Boston, MA, 02128 Lends in Massachusetts Our mission is to serve our customers with honesty, integrity, and competence. Our goal is to provide home loans to our clients while providing them with the lowest interest rates and closing costs possible. Furthermore, we pledge to help borrowers overcome roadblocks that can arise while securing a loan.