From no relationship requirements to a true market float-down with no lender add-on, here are the top 10 reasons Arizona borrowers choose Matthew Siket at AZ Construction Loan over banks, credit unions, and other mortgage lenders.
By Matthew Siket, NMLS #442558 · Published July 16, 2026
Most banks and credit unions require you to open a checking account, move your direct deposit, or maintain a minimum balance before they will even consider your construction loan application. We have no relationship requirements. You do not need to be an existing customer, open a new account, or transfer any assets. Your loan stands on its own merits — your credit, your project, your builder. That is it.
Construction loans require the title company to issue a date-down endorsement at each draw to confirm no new liens have been recorded against the property since the last disbursement. Many lenders pass this cost directly to the borrower — at $150 to $300 per endorsement, across five to eight draws, that adds up to $750 to $2,400 in title fees you never see coming. We do not charge date-down endorsements. The cost is absorbed on our end, saving you real money over the life of the build.
Most construction lenders apply rigid debt service and reserve formulas that disqualify strong borrowers on a technicality. A self-employed borrower with excellent cash flow gets declined because their tax returns don't fit the model. A borrower with significant assets gets rejected because their reserve calculation doesn't clear a threshold. We evaluate the full file — your income, your assets, your project, and your timeline — not just a checkbox. If you've been turned down for a construction loan elsewhere, it's worth a conversation.
Learn more →When a draw is approved, funds go directly to your general contractor — not to you, not to a third-party escrow account that requires additional paperwork to release. This keeps the build moving. Your builder does not have to wait on wire transfers, check clearances, or borrower-initiated disbursements. Direct-to-builder funding reduces friction at every draw and keeps your project on schedule.
Learn more →A two-close construction loan requires you to close twice: once to fund the build, and again to convert to permanent financing when the home is complete. That second closing exposes you to whatever rates and terms are available at the time — which you cannot control. If your builder runs three months long, you are refinancing into a different market than you planned. Our single-close construction-to-permanent loan eliminates that exposure entirely. You close once, lock your rate before the first shovel hits the ground, and convert automatically at completion with no second closing, no second set of fees, and no rate risk at conversion.
Learn more →Most lenders put the draw coordination burden on the borrower. You are responsible for tracking construction progress, requesting inspections, submitting draw requests, and chasing down approvals. We handle that proactively. Our construction team contacts your builder monthly to assess progress and set up the next draw. You stay informed without having to manage the process yourself. This is especially valuable on longer builds where draw timing can affect subcontractor scheduling and cash flow.
Learn more →If you are a licensed general contractor building your own primary residence, you should not have to pay a GC markup on your own project. Our owner-builder program allows licensed Arizona contractors to act as their own GC, manage their own subcontractors, and control their own budget — with the same financing structure as a standard construction loan. Most lenders do not offer owner-builder at all, or require 20 to 30 percent down when they do. We offer it with as little as 5 percent down on a primary residence.
Learn more →Our single-close construction-to-permanent loan allows up to 95% LTV on a primary residence for loan amounts up to $1,000,000. That means as little as 5% down on a $1,050,000 project. For loan amounts above $1M, we offer up to $3,000,000 with competitive LTV options depending on loan size and credit profile. Land equity counts toward your down payment if you already own the lot, which can reduce or eliminate the cash required at closing.
Learn more →Our draw schedule is structured around construction milestones, not arbitrary calendar dates. After the foundation is complete, we release a 20% pre-fund — giving your builder meaningful capital to mobilize framing crews, order materials, and keep momentum. This milestone-based approach aligns disbursements with actual construction progress, reduces the risk of funds sitting idle, and keeps your builder motivated to hit each phase on schedule. You can also leverage a custom milestone schedule tailored to your specific project and builder's workflow.
Learn more →Most construction lenders require a fixed-price contract, full stop. If your builder works on a cost-plus or variable-price basis, you are disqualified before the conversation starts. We work with both fixed-price and variable-price (cost-plus) contracts. Variable-price contracts require additional documentation and budget analysis during underwriting, but they are not a dealbreaker. This flexibility opens the door for custom builds where the scope evolves, specialty contractors who do not offer fixed pricing, and owner-builders managing their own subcontractor bids.
Learn more →This is the one that surprises most borrowers when they learn how other lenders handle it. When you exercise a float-down at conversion, most lenders do not give you the market rate — they give you the market rate plus a commitment add-on or adjustment built into their pricing. You think you are floating down to market, but you are actually floating down to market-plus. We do not do that. Our float-down is a true market float-down: if rates drop during your build, you get the actual market rate at conversion with no lender markup added on top. And if your build runs past 12 months, rate lock extensions are free of charge — no extension fees that other lenders routinely charge when a project runs long.
Learn more →Call Matthew Siket directly at (602) 400-6518 or submit your information below and he will reach out within one business day.