Construction Loans · New Jersey

Construction Loans in New Jersey — One Close. Zero Surprises.

Whether you're building a custom home in Newark, renovating in Jersey City, or developing in Princeton — Sean Shallis structures construction-to-permanent loans with one closing instead of two, so you pay one set of closing costs.

Single close. Interest-only during build. One rate lock. One appraisal. Draw schedule managed. Originated through a national portfolio lender.

Get Your Build Budget Book Strategy Call

90-second pre-qualification No credit impact $100K+ minimum project

Construction Lending in New Jersey

New Jersey builders deserve a lender who manages the details.

Sean Shallis is a national construction loan specialist who originates through a national portfolio lender, with the same file and the same underwriter from application to close. He structures single-close construction-to-permanent loans with one closing instead of two, locks your rate before you break ground, and keeps the draw schedule on track so your builder gets paid on time.

Whether you're building a custom home in Newark, doing a gut renovation in Jersey City, or combining construction financing with a physician loan — Sean's construction programs are available nationwide with the same white-glove service.

Plan with Sean

Share your New Jersey build plans, budget, and timeline. Sean structures a single-close loan covering lot, construction, and permanent mortgage in one.

Build with Confidence

During construction, pay interest-only on funds drawn. Sean manages the draw schedule with your New Jersey builder — releasing funds at each milestone.

Move In with One Mortgage

When construction completes, your loan converts automatically. No second closing. No re-qualification. No surprises.

Custom Build in New Jersey

Building from the ground up in Newark or Jersey City? One loan, one close, one rate lock from dirt to doorstep.

Major Renovation

Gut renos and renovation-to-permanent projects in New Jersey. Transform an existing structure without juggling multiple loans.

Physician Builders

Physicians building in New Jersey can combine construction-to-perm with physician loan benefits. Student loan-friendly DTI available.

Investment Builders

Developing rental or investment properties in New Jersey? Competitive terms for experienced investors with $100K+ projects.

One Close

Not Two

One set of closing costs and one appraisal. No second closing when the loan converts.

Interest-Only

During Build

Pay only interest on funds drawn — not the full loan amount

One

Rate Lock

Lock your permanent rate before construction begins

12-18 Mo

Build Window

Generous construction timeline with extension options

Sean vs. Typical New Jersey Construction Lenders

Most New Jersey lenders require two closings and leave you managing the draw schedule yourself.

Feature

Working With Sean

Typical NJ Lender

Single close (one set of closing costs)

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Interest-only during construction

Rate locked before build starts

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Draw schedule managed for you

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Physician loan combo available

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Renovation-to-permanent eligible

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No re-qualification at conversion

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Lot purchase + construction in one loan

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Building Across New Jersey

Sean works with builders and developers across every New Jersey market — and nationwide.

Newark, NJ

Construction-to-permanent loans available for custom builds and renovations in Newark.

Jersey City, NJ

Construction-to-permanent loans available for custom builds and renovations in Jersey City.

Princeton, NJ

Construction-to-permanent loans available for custom builds and renovations in Princeton.

Morristown, NJ

Construction-to-permanent loans available for custom builds and renovations in Morristown.

Chatham, NJ

Construction-to-permanent loans available for custom builds and renovations in Chatham.

Construction Loan FAQ — New Jersey

What's the difference between single-close and two-close construction loans in New Jersey?

A two-close loan requires separate closings (and separate fees) for the construction phase and permanent mortgage. Sean's single-close program combines both into one loan: one closing, one set of closing costs, one appraisal. For New Jersey builders that also removes the risk of rate changes or re-qualification between phases.

What's the minimum project size for a construction loan in New Jersey?

The minimum project size is $100K. This applies to both new construction and renovation-to-permanent projects in New Jersey. There's no maximum — Sean regularly structures construction loans for custom builds well into the millions.

Can I do a renovation-to-permanent loan in New Jersey?

Yes. If you're doing a gut renovation or major structural work on a New Jersey property, renovation-to-permanent financing rolls your purchase (or refinance), renovation costs, and permanent mortgage into a single close.

How does the draw schedule work?

Funds are released to your New Jersey builder at pre-agreed milestones (foundation, framing, mechanical, etc.). Sean coordinates inspections and approvals so draws are released promptly. You only pay interest on funds that have been drawn — not the full loan amount.

Can I combine a construction loan with a physician loan in New Jersey?

Yes. Physicians building custom homes in New Jersey can access construction-to-permanent financing with physician loan benefits including favorable DTI treatment for student loans. This is one of Sean's specialties.

Can I include lot purchase in my New Jersey construction loan?

Yes. If you haven't purchased your New Jersey lot yet, the single-close loan can include lot acquisition, construction costs, and your permanent mortgage — all in one loan with one closing. If you already own the lot, its equity counts toward your down payment.

What's the typical timeline from application to breaking ground?

Plan for 30-45 days from application to closing. You'll need approved plans, a licensed New Jersey builder, and a detailed budget. Sean's team works in parallel with your builder to keep the timeline tight. The construction phase itself typically runs 12-18 months.

Ready to plan your New Jersey build?

90 seconds with Rosie to get your build budget. No credit impact. No obligation. Or book a 20-minute strategy call with Sean.

Get Your Build Budget Book Strategy Call

Know New Jersey before you borrow

How closings work in New Jersey

After a contract is signed, both sides have an attorney-review period during which either attorney can cancel or amend the deal. Closings are attorney-run in the north and often title-company-run in the south.

Taxes and transfer costs

Property taxes are among the highest in the country and vary sharply town to town, which is why two similar houses a mile apart can carry very different monthly payments. The seller pays the state realty transfer fee, and higher-priced homes carry an additional buyer-side fee.

Insurance that shapes the file

Shore and bayfront towns carry flood-zone requirements; post-Sandy elevation certificates still shape insurance cost and availability.

Where people are buying

Bergen, Morris and Essex counties · the Jersey Shore · Princeton and Central Jersey · Hoboken and Jersey City · Cherry Hill and South Jersey. First-time and lower-down-payment programs run through the New Jersey Housing and Mortgage Finance Agency (NJHMFA).

Plain-English notes, not legal or tax advice. Sean originates in all 50 states. Everything about mortgages in New Jersey →

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