Frisco, Texas
Frisco Construction Loans
Frisco has become one of the fastest-growing luxury home markets in North Texas, with master-planned communities, golf course estates, and custom home builds in areas like Newman Village, The Preserve, and Phillips Creek Ranch. A Frisco construction loan from a specialized lender ensures your custom home project is financed efficiently from lot purchase through final draw.
The Frisco Market
Custom Home Construction in Frisco
Frisco's explosive growth has attracted top custom builders and created a robust market for high-end construction. Many Frisco custom homes range from $1 million to $4 million, with luxury estates in gated communities reaching higher. The city's proximity to The Star, Toyota Stadium, and major corporate headquarters has driven demand for premium custom builds. Construction timelines in Frisco typically run 10 to 14 months, making rate certainty through a one-time close especially valuable.
Typical Build Budget
$1M – $4M
Loan Type
One-Time Close
Why One-Time Close
Why Frisco Borrowers Prefer a One-Time Close
Frisco's rapid development means construction costs and land values continue to rise. A one-time close construction loan protects you from interest rate increases during your 10 to 14 month build period. You qualify once, close once, and lock in your permanent financing before construction starts, which is a significant advantage in a market where rates may move before your home is finished.
Single closing with one set of closing costs
Permanent interest rate locked before construction begins
No need to re-qualify after construction is complete
Interest-only payments during the construction period
Automatic conversion to permanent mortgage at completion
Loan Programs
Construction Loan Options in Frisco
One-Time Close Construction Loan
Combine construction and permanent financing into one loan with a single closing. Lock your rate before the build begins.
Jumbo Construction Loan
For Frisco custom homes that exceed conforming limits. Flexible underwriting for high-value builds in gated communities.
Lot & Land Financing
Secure your Frisco lot now and roll it into construction financing when you are ready to build.
Where to Build
Notable Frisco Communities
Newman Village
A luxury gated community in Frisco featuring estate-sized lots and custom homes by the area's premier builders.
The Preserve at Phillips Creek Ranch
An upscale community with greenbelts, trails, and custom home opportunities in West Frisco.
Frisco Hills
A growing area for custom estate builds with larger lots and premium amenities.
FAQ
Frisco Construction Loan FAQs
How much does a construction loan cost in Frisco?
Construction loan costs in Frisco include your down payment (typically 10-20% of the total project cost), closing costs, and interest during construction. A one-time close loan saves you from paying closing costs twice compared to a two-close structure.
Can I build a custom home in a Frisco HOA community?
Yes. We work seamlessly with Frisco's HOA and architectural review committees. Your construction loan can accommodate HOA requirements, builder deposits, and community-specific build standards.
What builders can I use for a Frisco construction loan?
You can work with any licensed, experienced custom builder. We can provide recommendations if needed.
Ready to Build in Frisco?
With 26 years of mortgage experience and over $334 million funded since 2022, Darren Davey is your Frisco construction loan expert. Let's discuss your project.