Hiring a Builder Construction Loans in Oregon

Pre-Qualify (Consumer Use Only)
Contact Us

For a Rate and Fees quote call

800-390-7536

PRE QUALIFY NOW (Consumer Use Only)

Hiring a Builder Loan in Oregon

Ready to move forward with home builder financing in Oregon? Normandy works directly with borrowers throughout the state — you deal with the loan officer and underwriter directly, not a call center.

In Oregon, a CCB-licensed contractor is required for all permitted residential construction. The state’s energy code, seismic standards, and mandatory CCB verification make licensed contractor oversight essential on every project.

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 welcome. Land purchase may be rolled into the loan. Full income documentation required for maximum LTV. Pre-qualification typically in 3 to 5 business days.

More information on construction loan with builder in Oregon: https://normandy.com/hiring-a-builder-loan/. Phone: 800-390-7536. All 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)

Oregon Construction Market & Regulatory Overview

Oregon’s construction market is driven by sustained demand in the Portland metro, rapid growth in Bend and Central Oregon, and ongoing interest in Willamette Valley and coastal custom residential builds.

Building Code: Oregon Residential Specialty Code (ORSC), administered by the Oregon Building Codes Division (BCD).

Permitting: Permits are issued by local municipalities or directly through the state BCD for jurisdictions without local authority. The ORSC governs all residential construction statewide.

Key construction considerations in Oregon include heavy rainfall and moisture management requirements in Western Oregon, statewide seismic hazard, and wildfire risk in Eastern Oregon and communities near the Cascades. Normandy’s underwriting team works directly with borrowers — you deal with the loan officer and underwriter, not a call center.

Contractor Licensing in Oregon

Oregon requires all general contractors to be licensed through the Construction Contractors Board (CCB). License verification is mandatory before any permitted work begins.

Owner-Builder Note: Oregon allows owner-builders to construct a primary residence without a CCB license, but requires 12 months of personal occupancy following completion and limits new owner-built homes to one per year.

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 Oregon

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

A: A construction loan with builder in Oregon 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 Oregon?

A: Custom home builder loan financing in Oregon 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 Oregon?

A: To finance building a home in Oregon 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 Oregon?

A: Normandy offers new home construction financing in Oregon 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 Oregon?

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.