Hiring a Builder Construction Loans in Washington

Pre-Qualify (Consumer Use Only)
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Hiring a Builder Loan in Washington

Normandy’s Hiring a Builder Loan program is structured for Washington borrowers who need to move efficiently. Pre-qualification is typically completed in 3 to 5 business days; closing typically within 30 days for qualifying borrowers. Fast-track closings in approximately 14 days are available when certain criteria are met.

Washington State’s mandatory L&I licensing, strict energy code, and seismic design standards make hiring a licensed and bonded general contractor the standard — and safest — approach for new residential construction.

Loan amounts from $95,000 to $5,000,000. Conforming up to $832,750 at 90% LTC; jumbo to $5M at 80% LTC. Foreign nationals are eligible. Land purchase may be included. Full income documentation required for maximum LTV.

To start on construction loan with builder in Washington, visit https://normandy.com/hiring-a-builder-loan/ or call 800-390-7536. All loan programs: https://normandy.com/.

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
  • Owner occupied and non-owner occupied properties allowed
  • 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)
  • Licensed General Contractor 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 aligned with builder’s schedule
  • Up to 80% allowed on 2 to 4 family owner-occupied homes
  • 5+ units, please refer to [Commercial Construction](https://normandy.com/construction-loans/)
  • 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

For a Rate and Fees quote call

800-390-7536

PRE QUALIFY NOW (Consumer Use Only)

Washington Construction Market & Regulatory Overview

Washington State’s construction market is among the most active in the country. Tech-sector employment in the Seattle and Eastside markets, combined with Puget Sound population growth, continues to drive strong residential construction demand.

Building Code: Washington State Building Code (WSBC) and Washington State Energy Code, both based on the International Residential Code.

Permitting: Permits are administered by local city and county jurisdictions. All residential construction must comply with both the WSBC and Washington State Energy Code.

Key construction considerations in Washington include heavy rainfall and moisture management requirements in Western Washington, statewide seismic hazard, and cold winters with wind events in Eastern Washington. Normandy’s underwriting team works directly with borrowers — you deal with the loan officer and underwriter, not a call center.

Contractor Licensing in Washington

Washington State requires all contractors to be licensed and bonded through the Department of Labor and Industries (L&I). Electrical, plumbing, and HVAC trades require separate L&I endorsements.

Owner-Builder Note: Washington allows owner-builders to act as their own GC for a primary residence, provided permits are obtained and no more than one owner-built home is constructed within a 24-month period.

Loans Available in the Following States

Owner Occupied

Loans available for owner occupied properties in the following states:

  1. California (CA)
  2. Connecticut (CT)
  3. Delaware (DE)
  4. Florida (FL)
  5. Iowa (IA)
  6. Massachusetts (MA)
  7. Michigan (MI)
  8. North Carolina (NC)
  9. New Jersey (NJ)
  10. New York (NY)
  11. Oregon (OR)
  12. Rhode Island (RI)
  13. Virginia (VA)
  14. Washington (WA)

Non-Owner Occupied

Loans available for non-owner occupied properties in the following states:

  1. Alaska (AK)
  2. Alabama (AL)
  3. California (CA)
  4. Colorado (CO)
  5. Connecticut (CT)
  6. Delaware (DE)
  7. Florida (FL)
  8. Georgia (GA)
  9. Hawaii (HI)
  10. Iowa (IA)
  11. Idaho (ID)
  12. Indiana (IN)
  13. Kansas (KS)
  14. Kentucky (KY)
  15. Massachusetts (MA)
  16. Michigan (MI)
  17. Maryland (MD)
  18. Maine (ME)
  19. Mississippi (MS)
  20. Missouri (MO)
  21. Montana (MT)
  22. North Carolina (NC)
  23. New Jersey (NJ)
  24. Nebraska (NE)
  25. New Mexico (NM)
  26. New York (NY)
  27. Ohio (OH)
  28. Oklahoma (OK)
  29. Oregon (OR)
  30. Pennsylvania (PA)
  31. Rhode Island (RI)
  32. South Carolina (SC)
  33. Tennessee (TN)
  34. Utah (UT)
  35. Virginia (VA)
  36. Washington (WA)
  37. West Virginia (WV)
  38. Wyoming (WY)

Frequently Asked Questions — Hiring a Builder Loan in Washington

Q: What is a construction loan with builder in Washington?

A: A construction loan with builder in Washington is short-term financing for new home construction managed by a licensed GC. Normandy disburses funds in draws as construction milestones are completed. Interest-only payments apply on advanced funds. Land purchase may be included.

Q: How does custom home builder loan financing work in Washington?

A: Custom home builder loan financing in Washington through Normandy disburses funds tied to inspection milestones. Conforming amounts to $832,750 at 90% LTC; jumbo to $5M at 80% LTC. The borrower selects the licensed GC; Normandy funds the build.

Q: What do I need to finance building a home in Washington?

A: To finance building a home in Washington through Normandy, you need a residential lot (or land can be included in the loan), a licensed GC, and full income documentation for maximum LTV. Pre-qualification is typically 3 to 5 business days.

Q: What new home construction financing is available in Washington?

A: Normandy offers new home construction financing in Washington for conforming and jumbo loan amounts. The program covers single-family and 2–4 family owner-occupied builds. Minimum 750 mid FICO for maximum LTV. Foreign nationals are eligible.

Q: Is home builder financing available for less-than-perfect credit in Washington?

A: Yes. Loans are available to borrowers with excellent to less-than-perfect credit, subject to underwriting. No minimum FICO is required for consideration, though a 750 mid FICO is required for the 90% conforming / 80% jumbo maximum LTV programs.

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.