New Construction Loans in Scottsdale — Finance Your Build the Right Way

Most builders have their own lender. You don't have to use them.

Buying a new construction home in Scottsdale is exciting — but financing a new build works differently than a traditional home purchase. Builder lenders often offer incentives like closing cost credits to keep you in-house, but those incentives don't always mean you're getting the best rate or structure. With 30+ years of experience, Mark Merry helps Scottsdale buyers understand all their options before signing anything with a builder's preferred lender.

What Makes New Construction Different

Understanding how new construction financing works before you walk into a model home puts you in a much stronger negotiating position. Here's what most buyers don't know:

  • You have the right to use any lender — not just the builder's
  • Builder incentives can sometimes be matched or beaten by outside lenders
  • New construction timelines can shift — your rate lock strategy matters
  • Construction-to-permanent loans combine the build and mortgage into one closing

Loan Options for New Construction in Scottsdale

  • Conventional Loans — ideal for buyers with strong credit and 5–20% down
  • FHA Loans — lower down payment options for qualifying buyers
  • VA Loans — 100% financing for eligible veterans and service members
  • Jumbo Loans — for higher-value Scottsdale new builds above conforming limits
  • Construction-to-Permanent Loans — one loan that covers the build and converts to a mortgage at completion

Mark Merry has helped hundreds of buyers navigate new construction purchases in Scottsdale and across Arizona. He'll review the builder's offer, compare it against available programs, and make sure your financing is structured correctly from day one — not just at closing.

  • 30+ years of mortgage experience
  • Licensed in all 50 states
  • Granite Bank — local Scottsdale office
  • No pressure, honest guidance

Ready to Talk Through Your New Construction Loan?

Get an honest review of your builder's offer before you sign anything