Eligibility requirements are typically stricter than regular mortgages because the collateral for construction mortgages is an unfinished home, which is riskier for lenders. As a result, your lender will evaluate your current income, debt, and credit score and require detailed construction plans and a budget for the project. The clearer and more accurate your budget, the more likely you’ll get approved. Rest assured, if the project makes sense, we will have a solution to help you complete your build.