Spec construction financing structured for builders who move fast. Conventional, FHA, VA, and USDA spec programs with draw schedules designed to keep your projects on track — not hold them up.
The All-In-One (AIO) loan is not eligible for spec construction financing in the state of Texas. Eligible programs are Conventional (Fannie/Freddie), FHA, VA, and USDA — through the Spec Lock (Build & Lock) program. Non-Agency and Non-QM products are also excluded from Spec Lock. Contact Tyler to confirm program eligibility for your specific build scenario before proceeding.
Every program below is available through CMG's Spec Lock (Build & Lock) structure — letting the builder lock a rate before the buyer is identified. Each loan type serves a different buyer pool, so you can cater to the widest market.
The most flexible and widely used spec program. Fannie Mae and Freddie Mac guidelines with competitive pricing and broad buyer eligibility. Ideal for mid-to-upper price points where buyers have solid credit and standard down payments.
Opens your completed spec homes to first-time and lower-credit buyers — significantly expanding your buyer pool, especially in the $250K–$450K price range that dominates the Houston suburbs. Government-backed and buyer-friendly.
Houston's military community is massive. VA spec financing lets you tap into a buyer pool with no down payment requirement, motivated buyers, and strong purchasing power. Fort Bend County and Harris County have significant veteran populations.
For builders developing in eligible rural and semi-rural areas outside Houston's core. USDA financing offers buyers zero down payment, which dramatically increases demand in markets like Waller, Montgomery, and outer Fort Bend County.
CMG's Spec Lock (Build & Lock) program lets builders lock a rate on a spec home while it's still under construction — before a buyer is even identified. That means your end-buyer comes to the table with certainty on their financing.
Tyler reviews your builder status, current projects, and financing needs. We establish which spec programs you qualify for and set up the draw structure for your build.
Once construction begins, the interest rate is locked through the Build & Lock program — protecting the future buyer from rising rates during the build timeline. Available on Conventional, FHA, VA, and USDA programs.
Tyler works with the buyer (often without a realtor) to pre-qualify them specifically for your spec home. The buyer's financing is aligned with the locked rate and the home's completed value before contracts are signed.
Draw requests are managed efficiently with minimal delays. CMG's builder program is designed to keep your crews paid and your timeline intact — not bogged down in paperwork.
When the certificate of occupancy is issued and the home is complete, the loan converts to permanent financing and the buyer closes. Your proceeds are released. Clean, fast, repeatable.
Builders need a loan officer who understands your timeline, your margins, and the difference between a draw request and a loan application. Tyler works with builders across the Houston metro — and he's fast.
No waiting weeks for draw inspections. Tyler understands that time on a construction project is money, and moves with urgency on every request.
Bring Tyler in early and he'll pre-qualify interested buyers against your spec home — so you're not signing contracts with unqualified buyers and losing 45 days of your build cycle.
Tyler knows exactly which programs work for spec builds and which ones don't — saving you from surprises mid-deal. He'll tell you upfront what flies and what doesn't.
Bring Tyler your project details — lot address, estimated build cost, target price point, and timeline. He'll identify the right spec program and help you build a buyer pipeline before the slab is poured.