Covington, Virginia Construction loan lenders AI selection 2026

The comprehensive Lendersa® directory of construction loan lenders in Covington, VA includes a wide range of financial providers, such as regional banks, national lending institutions, and local hard money lenders, all employing private money to support both ground-up construction projects and significant rehabs.

In Covington, VA, the projected construction cost for a 2,000 square-foot home spans from $246,375 for standard constructions to $446,873 for more luxurious builds. Interest rates and loan terms are subject to variation based on factors such as borrower financial profiles, the Loan-to-Value (LTV) ratio, After Repair Value (ARV), and the chosen type of lender.

Compare a diverse array of loan offers from 100 lenders

The Magic Construction Loan Calculator

To ensure that all aspects of your construction financing needs are covered, Lendersa®'s innovative AI technology swiftly matches your loan request with a multitude of construction lenders. You can explore the optimal construction rates available for funding new builds, fix-and-flip projects, or more extensive rehabs, applicable to both residential and commercial properties throughout VA.

Need Construction Loan Lenders Nearby?

To preserve your credit score, it's wise to limit unnecessary inquiries. Secure preapproval for a land loan without submitting your social security number or any sensitive financial details.

You may be eligible for 100% LTV (Loan to Value) financing when you pledge additional property as collateral in a blanket loan.

Leverage the Lendersa® land loan calculator to find lenders for vacant land loans in specified zip codes: 24426.



Covington Construction Loan Lenders

  • Highlands Community Bank
  • 307 Thacker Avenue, Covington, VA, 24426
  • Lends in Virginia
  • Highlands Community Bank (HCB) was established in 2002 by a group of local investors who determined there was a need for a community bank in the Alleghany Highlands. The belief was that a community bank could better serve the local residents and businesses and better contribute the local economy.

  • Jackson River Community Credit Union
  • 347 North Court Avenue, Covington, VA, 24426
  • Lends in Virginia
  • Jackson River Community Credit Union is a not-for-profit financial institution that is owned and operated by its members and promotes the credit union philosophy. We provide a full range of financial services at very competitive rates and useful information to help our members in all of their financial endeavors.

  • Colonial Mortgage Company, LLC
  • 23 S. Roanoke St., Fincastle, VA, 24090
  • Lends in Virginia
  • We believe working with our friends & neighbors means we can offer more personal,more individualized service than you might get elsewhere.The mortgage loan expert who begins the process with you will work with you all the way through closing. They’ll answer questions,openly sharing advice & helping through all the steps until your loan is approved.

  • Virginia Mountain Mortgage
  • 19747 Main St, Buchanan, VA, 24066
  • Lends in Virginia
  • Bank of Botetourt "Taking Care of You"​ is more than a slogan, it's our promise to the community. For over 120 years, Bank of Botetourt has been committed to reaching out within our local communities to do all we can to further the area's overall economic development. As a community partner, we make charitable contributions for education.

  • CornerStone Bank (Lexington, VA)
  • 54 South Main Street, Lexington, VA, 24450
  • Lends in Virginia
  • CornerStone Bank will be recognized as the best and most caring place to bank in each of the communities it serves. Our Mission is To deliver exceptional service every day & to demonstrate in every interaction with customers, shareholders, employees & the community, the things we value most: integrity, excellence, reputation & results.

  • National Bank of Blacksburg
  • 100 South Main Street, Blacksburg, VA, 24060
  • Lends in Virginia
  • Founded in Blacksburg in 1891, National Bank has been serving the citizens of Southwest Virginia for well over a century. With 25 full-service branch offices and $1.2 billion in assets, the bank has grown along with our region’s dynamic economy while staying true to its community banking roots.

  • Select Bank
  • 211 Gristmill Dr, Forest, VA, 24551
  • Lends in Virginia
  • At Select Bank, we can help you manage your time and your money. We’ve brought together old-fashioned service and the latest tools and technology in order to provide you with the products and services you need, when you need them – and on your terms. We’re focused on treating every customer like they’re our only customer.

  • T.Y. Mortgage, LLC
  • 15115 Forest Road, Forest, VA, 24551
  • Lends in Virginia
  • "TY Mortgage, LLC, has a team of experienced and highly skilled loan consultants that will help you determine which loan option is best suited for your situation. At TY Mortgage, we help you get the loan that you want in the time frame you want it in. Purchase or Refinance Mortgage
    Residential or Commercial.

  • Virginia Community Capital
  • 110 Peppers Ferry Road NW, Christiansburg, VA, 24073
  • Lends in Virginia
  • Virginia Community Capital is a Community Development Financial Institution (CDFI) with a mission to create jobs, energize places, and promote an enhanced quality of life for Virginians. With offices in Christiansburg, Norfolk, and Richmond, we offer innovative and flexible financing tools throughout the state.