The #1 Place to Get a Construction Spec Loan


Grow your sales and save money with our construction spec loan! We work with experienced home-builders to fund valuable home projects. If you’ve found the next spec home you want to work on, don’t hesitate to start applying for a loan for it. To learn more about our construction spec loan, reach out to us today.

The Benefits Of Choosing Shepherd’s Finance for Your Construction Spec Loan

We run our business on long-term relationships and trust. When you choose Shepherd’s Finance, you’re getting the best deal for your loan choice, as well as an experience that’s 100% personalized for you.

Here’s what we can do for you…

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If you dream of flipping a home or building a spec home, don’t put it on the backburner for any longer.

Tackle this project with our financial help today! Feel free to browse through our resources and talk with a representative before making your final decision.

We’d love to help you in any way we can. To learn more about our services, reach out to us today with any questions!

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Sale Growth

If you’re ready to take the leap and work on your spec home, you’re probably going to need a loan to do so.

We understand that the smaller and mid-sized businesses need a little more help than the larger organizations when it comes to construction costs. To make yourself stand out, you’re going to need financial help to get your project off the ground.

We’ll offer you the loan you need to make your spec home a reality. The more funding you can get to make these projects happen, the more sales you’re going to get. The more sales you can get in a short period of time, the quicker your small-mid-sized business is going to grow!

Time Saved

We offer a program that saves you time by getting you the money you need for your project ASAP.

We don’t need to collect any tax return or other financial information from you to get started with a loan. The hours of searching and sorting through old financial information is not necessary when you choose Shepherd’s Finance for your construction spec loan.

Plus, we’ll offer you service that is personalized to your project and loan needs. You’ll work with a construction loan representative who will help you make the best plan for your situation. When you need to ask questions or change something in the process, your representative will be available to you.

Increased Cash Flow

The whole reason why you’re applying for a loan is money-driven, so we do everything in our power to save you money.

Our Draw Administrators take their jobs incredibly seriously and draw any money necessary with the utmost urgency. You don’t have to worry about waiting weeks to see the money that you’re expecting.

Plus, loan fees are funded from your loan. If you’re looking at getting a loan, you may not be able to afford these fees up front, we understand that. Because of this, we just take them out of the loan. 

While we require a builder deposit in the beginning of the loan process, we do give it back to you at the end in full. 

Our Terms and Conditions

When it comes to our terms and conditions, we feel that they are very fair and beneficial to the builder. The hoops you have to jump through are very minimal compared to other lending companies.

Builder Requirements

Most of our builders have at least three years of building experience before we offer a construction spec loan plan. 

This provides us the security we need to know that the loan is going towards a reliable builder. Additionally, you must have built at least 5 homes in the past so we know that you have had successful projects. 

Proof that you’re a full-time builder and that you have all the necessary licenses to build are also required. Once your credentials check out, we’ll then want to make sure that you have an acceptable personal and professional credit history.

Property Requirements

Once we’ve established that your credentials check out, we’ll want to focus on the property that you’re seeking funding for. 

If you haven’t purchased the property you want to build on yet, we’d be happy to talk with you about loan options you have!

We will also look at the type of property you have before we move forward. There are only certain kinds of properties that we’ll provide a loan for, so we’ll need to take a look at your property and discuss the options.

The properties we approve include…

  • Single detached family homes
  • Townhouses
  • On rare occasions, condos. Call us for more information about this option!

We’ll also take a look at how your history lines up with the new project you’re taking on. It should be around the same size and require a similar amount of work as your previous projects. We’re looking for consistency, as we don’t want the projects we fund to be too large for the builder.

A property in a rural area with large acreage may be considered under more restrictive terms than a traditional spec home. Also, if the roads aren’t finished or they’re only partially improved, we’ll need to talk about the restrictions that come with it.

Our Rates and Terms

Once you’ve completed your project 90% of the way, we’ll refund your builder deposit in full.


If there is more than one owner, we’ll need to have any owner who owns more than 10% of the borrowing company sign the necessary documents as well.


Get Your Construction Spec Loan Today

If you’re ready to build your spec home, we’d love to talk with you about it!

If you still have questions about the requirements, feel free to ask and we’ll answer all of them. If you need a little more information on what loan plan works for you, we’ll set you up with a representative right away.

To start the construction spec loan application, reach out to us today!

Ready to Talk

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