Builder Solutions & Requirements
Partner with Lower to offer seamless in-house financing for your modular builds.
Why Partner with Lower Mortgage?
Close More Deals
Offer your buyers a true one-time close. Remove financing hurdles and get to construction faster.
Streamlined Draws
Predictable, transparent draw schedules keep your cash flow healthy and your projects on track.
Dedicated Support
Direct access to our construction lending experts. We handle the paperwork, you build the home.
Builder Qualifications
5+ years in business or 12 Ground Up Residential Constructions in the last 3 years.
Clean references.
Active license on the Secretary of State website (if applicable).
Average of at least 3+ homes built/year.
FICO 680+ or Clean Clear Report.
Required Documentation
Builder Package
- • Fully executed construction contract (Fixed Price ONLY)
- • Plans, specs & cost budget/breakdown
- • Cancelled check for Builder Deposit (if applicable)
- • Builders Risk Policy (Wind/Flood incl.)
- • General Liability Policy
- • Plot Plan
Lot Documentation
- • Executed contract
- • Cancelled check for earnest money
- • Lot payoff & Settlement Statement
- • Warranty Deed (if already owned)
Partner Guidelines
Build Time
Modification must be completed within 12 months.
Interest & Draws
Construction interest is due monthly based on funds advanced. Statements are emailed on the 1st of every month. Payments can be made online.