How much you can borrower is based on two sets of criteria. There will be an amount for which you can qualify using full income and asset documentation and a maximum 45% debt ratio. The maximum loan amount will also be limited to 80% (to $1M loan amount) of the lesser of two numbers representing the value of the home to be built. One of those values is based on what the property would be worth in today’s amrket, if finished already as planned. The other number is a cost number based on the current value of the property plus new construction costs. Above $1M loan amount we can do 75% to $1.5M, 70% to $2M, and 60% to $3M.