construction loans lenders in Salem, VA [2026lenders list]

Lendersa® provides an extensive list of construction loan lenders across Salem, VA, including regional banks, national lenders, and local hard money lenders. These lenders utilize private funds to cater to your ground-up construction needs or major rehabilitation projects. Whether you are planning to build from the ground up or undertake significant renovations, these lenders are ready to offer the necessary financial backing.

For new constructions in Salem, lenders estimate the cost for a 2,000 square foot home from $247,607 for basic construction, extending up to $448,105 for more luxurious designs. The terms and interest rates associated with construction loans can vary, depending on several factors such as borrower financials, Loan-to-Value (LTV) ratios, After-Repair Value (ARV), and the specific lender chosen.

Discover the Magic Construction Loan Calculator

To adequately meet all your construction financing requirements, Lendersa® uses state-of-the-art AI technology that instantly matches your loan request with a multitude of construction lenders. This enables you to discover optimal construction rates for funding new developments, fix-and-flip projects, or major rehabs of both residential and commercial properties throughout VA.

Find Local Construction Loan Lenders

By minimizing unnecessary inquiries, you can protect your credit score from decreasing. Secure preapproval for your land loan without needing to provide your social security number or any sensitive financial information, thus maintaining your privacy.

If needed, you may qualify for 100% LTV financing by pledging additional properties as collateral under a blanket loan agreement, ensuring comprehensive financial coverage without the necessity for immediate cash payment.

Use the Lendersa® land loan calculator to effectively locate vacant land loan providers within zip codes 24153, ensuring you have access to the best corresponding financial resources for your land acquisition and development plans.

Salem Construction Loan Lenders
(540) 951-6205 Lender's profile and map 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.
(540) 260-3126 Lender's profile and map 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.
(540) 966-3100 Lender's profile and map 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.
(540) 591-5000 Lender's profile and map 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.
(540) 962-2265 Lender's profile and map 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.
(540) 962-6154 Lender's profile and map 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.
(434) 455-1700 Lender's profile and map 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.
(434) 534-8878 Lender's profile and map 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.
(540) 463-2222 Lender's profile and map 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.