Construction Loans in Hobbs, NM

Lendersa® provides a comprehensive listing of construction loan lenders available in Hobbs, NM. This includes regional banks, national lenders, and local hard money lenders, all utilizing private funds for ground-up construction or major renovation projects.

In Hobbs, NM, lenders estimate the construction cost for a 2,000 square foot home, ranging from $232,664 for basic constructions to $421,546 for more ornate designs. The interest rates and terms for these construction loans vary considerably based on borrowers' financial situations, the loan-to-value (LTV) ratio, the after-repair value (ARV), and the type of lender selected.

Explore the magic of our construction loan calculator

Lendersa®'s advanced AI technology ensures all your construction financing needs are met by quickly pairing your loan request with numerous construction lenders. Discover the best construction rates available for funding ground-up projects, fix-and-flip endeavors, or major rehabs on both residential and commercial properties in NM.

Searching for construction loan lenders near you?

Minimize unnecessary inquiries to protect your credit score. You can achieve preapproval for a land loan without needing to provide your social security number or any sensitive financial information.

You could qualify for 100% LTV (Loan-to-Value) financing by agreeing to use additional properties as collateral, known as a blanket loan.

Use the Lendersa® land loan calculator to find vacant land loan lenders within the zip codes 88240.

Hobbs Construction Loan Lenders
(575) 397-4511 Lender's profile and map Lea County State Bank 1017 N Turner St, Hobbs, NM, 88240 Lends in New Mexico Chartered on November 2, 1928, during the great oil boom days the original Lea County State Bank of Lovington played an important part in the early development of this area. Dedicated to the people of Lea County, the bank adopted their pioneer spirit, which would eventually make this part of New Mexico great.
(575) 748-9779 Lender's profile and map Artesia Credit Union 210 North Fifth Street, Artesia, NM, 88210 Lends in New Mexico Artesia Credit Union is a member-owned, cooperative, non profit financial services institution founded and operated to encourage thrift among its members, create a source of credit at a fair and reasonable rate of interest, and provide an opportunity for its members to improve their economic condition in a friendly manner.
(575) 887-6686 Lender's profile and map Western Commerce Bank 127 S. Canyon St, Carlsbad, NM, 88220 Lends in New Mexico Western Commerce Bank opened its doors June 3, 1961 in the small town of Loving, New Mexico. Since that time, the bank has grown and expanded to include eleven full-service locations throughout New Mexico in Carlsbad, Loving, Hobbs, Lovington, Tatum, and Albuquerque. Our slogan is “Pulling Together For You”, and we take that seriously.
(575) 623-2265 Lender's profile and map Valley Bank of Commerce 217 West 2nd Street, Roswell, NM, 88202 Lends in New Mexico Valley Bank’s primary mission has been to serve the banking needs of Roswell as well as Chaves County, and this continues to be the primary driving force behind the bank today. Valley Bank is an independent bank and fully intends to remain independent. The bank has built a reputation of conservative soundness that has served it well
(575) 769-1911 Lender's profile and map The Citizens Bank of Clovis 421 Pile Street, Clovis, NM, 88101 Lends in New Mexico Incorporated on January 7, 1916, with capital stock of $25,000, The Citizens Bank of Clovis has become the largest independent financial institution in East-Central New Mexico now with assets in excess of $449,000,000. With capital in excess of $46,000,000, it is one of the best capitalized banks in New Mexico.
(575) 769-9000 Lender's profile and map The Bank of Clovis 300 Main Street, Clovis, NM, 88101 Lends in New Mexico The Bank of Clovis is a state chartered bank with deposits insured by the FDIC. The Bank was founded October 16, 2000. Our shareholders are employees, farmers, ranchers, small business owners, construction workers, teachers, doctors, lawyers, nurses, policemen, and firemen -- all from Curry County and the surrounding area.
(575) 562-9837 Lender's profile and map AG New Mexico 4501 North Prince Street, Clovis, NM, 88101 Lends in New Mexico Ag New Mexico, Farm Credit Services (FCS), ACA is a rural lending cooperative that finances agricultural production, agribusiness and rural real estate, including farms, ranches, and rural recreational property. We are a part of the nationwide Farm Credit System, the oldest and largest source of rural financing in the United States.
(575) 769-9006 Lender's profile and map The Mortgage SuperStore 420 Commerce Way, Clovis, NM, 88101 Lends in New Mexico 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.
5755170316 Lender's profile and map Eclipse Funding LLC 200 Grove Dr, Ridoso, NM, 88345 Lends in New Mexico Eclipse Funding LLC Business financing made simple Eclipse Funding LLC helps entrepreneurs secure fast, flexible funding solutions—guiding you from options to approval with clear communication and dependable support. Ready to grow? We are here to help with any situation. Call 575-517-0316 or visit eclispefunding.net.
Also lends in New Mexico
(432) 262-1600 Lender's profile and map Community National Bank (Midland, Texas) 500 W. Illinois Ave., Midland, TX, 79701 Community National Bank, established in 1984, continues to expand upon our original mission to provide a strong, locally owned, community bank. CNB distinguishes ourselves through a focused dedication to the success of the the DFW, Midland, Odessa, & Stanton communities by providing outstanding customer experiences to those we are honored to serve.