Wholesale pricing

New Construction Loan Rates

New Construction Loan rates change daily — and the rate you’re quoted depends as much on who’s quoting as on the market. Banks quote their own rate sheet; CDL Mortgage shops multiple wholesale lenders on every new construction loan and shows you the best pricing across the market.

The fastest way to know your real rate is a quick scenario quote: your credit range, loan amount, and property details. We’ll price it across our lender panel the same day, with no credit pull required for an initial quote.

What determines your new construction loan rate

  • Credit score — higher scores unlock the best new construction loan pricing tiers; even a 20-point improvement can change your rate.

  • Down payment / equity — a lower loan-to-value means less lender risk and better pricing.

  • Loan amount & property type — loan sizing and single-family vs. condo or multi-unit both affect your rate.

  • Occupancy — primary residences price better than second homes and investment properties.

  • Points & credits — pay discount points for a lower rate, or take a lender credit toward closing costs.

  • Lock timing — rates move daily; we watch the market and lock when the timing is right for you.

New Construction Loan Details

$
$
Estimated Monthly Payment
$3,382
$450,000 at 6.5% over 30 years
Principal & Interest$2,844
Property Taxes$413
Homeowners Insurance$125
Total Interest Over Term$573,950

Want an exact payment based on today's wholesale pricing? Talk to a licensed loan officer.

Estimates only. Mortgage insurance and HOA dues are not included. Your actual payment depends on your final rate, program, taxes, and insurance premiums.

Questions

New Construction Loans FAQs

How do new construction loans work?

The loan funds your build in inspected draws while you pay interest only on the amount drawn. On a one-time close, it converts automatically to your permanent mortgage when the home is finished — one application, one closing, one set of fees.

What is a one-time close construction loan?

A single loan and single closing that covers both construction and the permanent mortgage. It locks your permanent terms up front and avoids the cost and requalification risk of a second closing.

Can I get a new construction loan on land I already own?

Yes — and it usually helps. Your lot equity typically counts toward the down payment, which can dramatically reduce the cash you need at closing.

What credit score is needed for a new construction loan?

Generally 640–680+ for conventional one-time close programs, with FHA and VA new construction options available at lower scores for qualified borrowers.

How long does a new construction loan take?

Expect roughly 30–45 days to close before the build starts, then a 6–12 month construction period depending on the home, your builder, and local permitting.

About Us

Who is CDL Mortgage?

CDL Mortgage Services Inc. is an independent, full-service mortgage company. Instead of pushing one bank’s products, we shop multiple wholesale lenders to secure the best loan at the best rate for every borrower.

Full-Service Mortgage Company

Purchase, refinance, and home equity — all under one roof, focused on the best loans at the best rates.

Headquartered in Rocklin, CA

Based at 6524 Lonetree Blvd, Rocklin, CA 95765 and licensed in California, Texas, Georgia, Tennessee, Oklahoma & Idaho.

Real Loan Officers, Not Call Centers

Every file is handled start-to-finish by a licensed loan officer who knows your name and your goals.

NMLS #132263 · Equal Housing Lender

Fully licensed and regulated, with award-winning lender partnerships and 35+ years serving borrowers.