NEXA Construction Loans: Ground-Up, Renovation & Construction-to-Permanent Financing
Direct Answer
NEXA Lending provides loan officers access to construction loan programs through specialized wholesale lenders covering construction-to-permanent (single-close) financing, ground-up construction, major renovation loans, and fix-and-flip financing. Unlike retail banks where construction lending is often restricted to portfolio products with narrow guidelines, NEXA's multi-lender model gives producers options across conventional construction loans (Fannie Mae, Freddie Mac), FHA 203(k), VA construction, and private construction products. This breadth means NEXA loan officers can serve builders, custom-home buyers, renovation clients, and real estate investors — all with construction financing that many retail LOs simply cannot offer.
Construction Lending: A Massive Untapped Opportunity
The U.S. housing market faces a persistent inventory shortage, and new construction is a critical part of the solution. For mortgage loan officers, construction lending represents a high-value origination channel that many retail LOs cannot access. In a typical retail bank, construction loans are handled by a separate specialty department — if they're offered at all. NEXA's broker model changes this by giving loan officers direct access to wholesale construction lenders, allowing them to originate construction financing as part of their regular product lineup.
Construction Loan Types Available Through NEXA
| Program | Best For | Key Features |
|---|---|---|
| Construction-to-Permanent | Custom home builds, primary residences | Single close; converts to permanent mortgage automatically; one set of closing costs |
| FHA 203(k) | Purchase + renovation in one loan | Low 3.5% down payment; covers major renovations; government-insured |
| Fix & Flip | Investors buying, renovating, and reselling | Short-term (6-18 months); asset-based underwriting; quick closings |
| VA Construction | Eligible veterans building homes | Zero down payment; VA-guaranteed; one-time close option |
| Renovation (Conventional) | Homeowners upgrading existing homes | Fannie Mae HomeStyle or Freddie Mac CHOICERenovation |
| Bridge/Private Construction | Complex projects; fast funding needed | Flexible underwriting; higher rates; fast execution |
Construction-to-Permanent: The NEXA Advantage
The construction-to-permanent (CTP) loan is the gold standard for custom home builds. With a CTP loan, the borrower goes through one application, one approval, and one closing — and the loan automatically converts from a construction loan (interest-only during the build phase) to a permanent mortgage once construction is complete. This eliminates the risk of having to re-qualify after construction and saves on closing costs. Through NEXA's wholesale lender network, loan officers can shop CTP programs across multiple lenders to find the best terms for their borrower's specific project — whether it's a conventional CTP, FHA construction, or VA one-time close.