Owner Builder Construction Loans in Washington State

Washington self build and owner builder loans created for custom residential construction projects. Whether you’re building on existing land or starting a new development, our financing solutions help support owner-builders through every stage of the construction process. We provide construction loan options for borrowers across Washington State.
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Self Build & Owner Build Loans — Washington State

Normandy provides self build and owner builder construction loans throughout Washington State. Whether you are building in the Seattle metro, Tacoma, Spokane, Tri-Cities, Bellingham, or in a rural community, our program supports borrowers who plan to act as their own general contractor on a residential construction project.

Washington State uses the Washington State Building Code (WSBC) based on the IRC with enhanced seismic design requirements and one of the most stringent residential energy codes in the nation — the Washington State Energy Code (WSEC). New construction must meet high-performance requirements for insulation, windows, and HVAC systems. Washington allows owner builders to pull their own permits for homes they intend to occupy, though licensed subcontractors are required for specific trades. Normandy’s Washington self build loan is available for single family owner occupied properties with conforming and jumbo options. Land purchase may be included. Foreign nationals are eligible. Pre-qualification typically within 3 to 5 business days.

General Guidelines*

  • Loan amounts from $95,000 to $5,000,000
  • Conforming loan amounts up to $832,750. Maximum 90%* loan to cost or loan to value, whichever is less
  • Jumbo loan amounts from $832,751 to $5,000,000. Up to 80%* loan to cost or loan to value, whichever is less
  • Cross collateralization allowed on other properties for maximum or greater loan amounts, and loan to values
  • Properties must be single family and owner occupied
  • Full income documentation required to qualify for 90% on conforming loan amounts and 80% on jumbo loan amounts
  • Land purchase may be included in the construction loan
  • Foreign Nationals are eligible for this program
  • Deal directly with the Loan Officer/Underwriter
  • Pre-qualification typically within 3 to 5 business days, closing typically within 30 days (fast track closings in 14 +/- days available if certain criteria is met, please call for details)
  • Borrower acts as the General Contractor (No site supervisor required)
  • No minimum FICO required for consideration, however a minimum 750 mid FICO score is required to qualify for 90% conforming & 80% jumbo construction loans (subject to underwriting)
  • Flexible draw schedules
  • Up to 80% allowed on 2 to 4 family owner-occupied homes
  • 5+ units, please refer to Commercial Construction
  • 12 month construction term with term extensions available
  • Interest only payments based on funds advanced

*All rates and terms subject to change without notice. Specific qualifications are required to qualify, please call for details.

Loans Available in the Following States

Owner Occupied

Loans available for owner occupied properties in the following states:

  1. California
  2. Connecticut
  3. Delaware
  4. Florida
  5. Iowa
  6. Massachusetts
  7. Michigan
  8. North Carolina
  9. New Jersey
  10. New York
  11. Oregon
  12. Rhode Island
  13. Virginia
  14. Washington

Non-Owner Occupied

Loans available for non-owner occupied properties only:

  1. Alaska
  2. Alabama
  3. California
  4. Colorado
  5. Connecticut
  6. Delaware
  7. Florida
  8. Georgia
  9. Hawaii
  10. Iowa
  11. Idaho
  12. Indiana
  13. Kansas
  14. Kentucky
  15. Massachusetts
  16. Michigan
  17. Maryland
  18. Maine
  19. Mississippi
  20. Missouri
  21. Montana
  22. North Carolina
  23. New Jersey
  24. Nebraska
  25. New Mexico
  26. New York
  27. Ohio
  28. Oklahoma
  29. Oregon
  30. Pennsylvania
  31. Rhode Island
  32. South Carolina
  33. Tennessee
  34. Utah
  35. Virginia
  36. Washington
  37. West Virginia
  38. Wyoming

Draw Request Submitted

Thank you for requesting a draw.  You will receive an email or call confirming your draw request has been received within 1 business day.  If you do not receive confirmation, please contact our office at 800-390-7536.  Please notify us of any changes you wish to make to your request.  

Normandy Corporation

Thank you for scheduling your payment.  You should receive an email confirmation of payment within 1 business day.  If you do not receive a confirmation email within 1 business day, please call our office to confirm at 800-390-7536.