Construction-to-permanent financing built for buyers who don't fit the conventional box — including the self-employed, business owners, and anyone who's been told their tax returns don't tell the real story.
Most conventional lenders ask for two years of tax returns and 20% down — and call it a day. The Efinity Construction Program is structured around the buyers traditional banks aren't equipped to serve: the self-employed, the entrepreneur, the buyer with strong deposits and complicated paper.
FHA construction financing available with as little as 3.5% down. Conventional, Jumbo, and Non-QM construction loans from 10% to 20% down depending on credit profile, loan amount, and program tier.
Self-employed? Business owner? Efinity's Non-QM bank-statement loans qualify you on actual deposits — not what the IRS sees after your write-offs. Tax returns aren't the only path.
Pay interest only on funds drawn during construction, then convert to permanent financing when you move in. Your money stays liquid while the home goes up.
Full underwriting up front — including the permanent loan. You know your terms before a shovel hits the ground.
Land purchase + construction loan + permanent mortgage commitment, all funded in one transaction with one set of closing costs.
Better Quality Builders draws funds through Efinity's OneSite portal at eight standard construction milestones. You pay interest only on what's been drawn.
When the home is complete and final inspections pass, the construction loan rolls into your permanent mortgage automatically. No second closing on a One-Time Close.
If you've only ever bought an existing home, a construction loan looks unfamiliar. The simple way to think about it: you're borrowing money to build the asset that will eventually secure the long-term loan. During construction, the lender funds the build in stages tied to verified progress. When the home is finished and appraised, the loan converts to a standard 30-year mortgage on the completed property.
Two reasons this matters. First: you don't make full mortgage payments on money that isn't drawn yet — only interest on what's currently in your project. Second: your rate and permanent terms are set at the original closing, which protects you if rates rise during the build.
Efinity offers both One-Time Close (single closing, conversion is automatic) and Two-Time Close (separate construction and permanent loans). Most BQB clients choose One-Time Close for the rate protection and reduced closing costs — but Two-Time can be the right fit for longer or more complex builds.
Efinity offers both structures. The right choice depends on your timeline, your loan size, and whether you need Jumbo financing for the permanent. Your loan officer will walk you through which fits — but here's the plain-English version.
One application. One approval. One closing.
Construction first, then refinance into permanent.
The conventional mortgage system is built around W-2 income. If you're an entrepreneur, a contractor, a small business owner, or anyone whose income shows up as deposits rather than salary, the standard documentation doesn't fit your reality. Bank-statement loans were designed for exactly this.
The lender reviews your business and personal bank statements to establish actual cash flow. Write-offs that lower your tax liability don't lower your loan-qualifying income.
The bank-statement program is built to evaluate income without tax returns. You'll provide statements covering a defined documentation window (your loan officer will confirm the exact requirement for your file).
"Non-QM" means Non-Qualified Mortgage. It doesn't mean risky or subprime. It means underwritten outside the narrow conventional checklist, with a real underwriter looking at your full financial picture.
Efinity underwrites Non-QM loans in house. That means faster decisions, fewer surprises, and an actual person on the phone when your file needs attention — not an algorithm telling you no without a reason.
Your construction loan funds in eight stages tied to verified progress. Better Quality Builders requests each draw through Efinity's OneSite portal with invoices and lien waivers; an inspector verifies completion; funds wire to the builder. You never write a check to us mid-build — and you only pay interest on what's been drawn.
Additional draws available (up to 10 total) for complex projects · Inspections limited to 8 per loan · All change orders handled between borrower and builder outside the approved construction budget
For a self-employed buyer using FHA construction financing on a single-story BQB build.
If you've been declined elsewhere — or if you've been told a custom build isn't realistic for your situation — start here. Pre-qualification is a conversation, not a commitment. You'll talk to an Efinity loan officer who reviews your full picture, not just your credit score.