Popular Construction Financing Options in Arizona

Options Most of Our Clients Use

Most Popular

One-Time Close Construction Loan

Combines land purchase, construction costs, and permanent financing into a single loan and one closing. You avoid multiple sets of fees and paperwork. The loan automatically converts to a traditional mortgage once construction is complete. Many clients prefer this route for its simplicity and lower overall closing costs.

Maximum Flexibility

Two-Time Close Construction Loan

Uses a short-term construction loan first. Once the home is finished and meets all requirements, you close on a separate permanent mortgage. Offers flexibility if you want to reassess rates or terms after the build is done.

For Existing Properties

Renovation & Remodel Loans

If you are updating an existing home rather than building from the ground up, these loans allow you to borrow against your current property's equity or combine renovation costs into new financing. These loans often close faster than ground-up construction loans.

For Experienced Investors

Portfolio Loans & Private Lending

Flexible options that accommodate unique deal structures, higher loan-to-value ratios, or faster timelines when traditional bank financing is not the best fit.

What to Expect

Typical Terms in 2026

Down Payment
10–20%
FHA Programs
3.5%+
Construction Period
6–12 mo
Payments During Build
Interest-Only

Interest rates change with the broader market. Your final rate depends on credit score, loan-to-value ratio, debt-to-income ratio, and current economic conditions. We connect you with lenders who provide accurate, up-to-date quotes based on your specific situation.

Qualification Factors

Who Usually Qualifies

Credit score 680+ — for the best rates and terms
Debt-to-income ratio — showing you can comfortably manage payments
Liquid reserves and net worth — demonstrating you have resources to complete the project
Verifiable income or assets
Real estate experience — helpful but not always required, especially for our income duplexes

Our standard 4400 sq ft duplex is often viewed favorably by lenders because its room-by-room rental design creates strong projected cash flow once leased. This income potential can help support loan approval even for investors expanding their portfolios.

Build Paths

Our Build Options

Signature 4400 sq ft Duplex — $135/sq ft base

Financing is often more straightforward due to the predictable timeline and clear rental income strategy.

Upgraded & Custom Builds — $190+/sq ft

May require a stronger financial profile or larger down payment. Our team knows how to present the numbers in a way that helps lenders see the long-term value.

Starting with Land

Land Acquisition Financing

Most projects start with securing the right land. You can finance the lot purchase through a separate land loan, a combined land and construction loan, or a cash purchase followed by construction financing. We help coordinate this early step so the land is ready when your permits clear and construction begins.

Updating Existing Properties

Remodel & Renovation Financing

For homeowners improving existing properties, common solutions include home equity loans, HELOCs, or dedicated renovation loans. These options often allow faster approval and funding than new construction loans.

Our Role in Your Financing Journey

How OCP Supports You Through Financing

01

Discovery Meeting

We learn about your goals, timeline, and financial situation.

02

Project Scope Outline

We prepare a clear budget for your build or remodel.

03

Lender Introductions

We connect you with the right financing professionals.

04

Ongoing Coordination

We work directly with your lender on appraisals, draw schedules, and inspections.

You will always know your expected total project costs before any construction contract is signed.

Ready to Explore Your Options?

Let's Talk Through the Numbers

Schedule a no-obligation Discovery Meeting. Whether you are planning a standard duplex, a higher-end custom home, or a full remodel, we will help you find the financing path that best supports your vision.

Schedule a Discovery Meeting →

Quality Built. Income Optimized. Future Secured.