GROUND-UP CONSTRUCTION · Alabama (AL) Underwriting Matrix · Stephen R. Mannenbach, J.D., MBA

Alabama Ground-Up Construction Loans (Spec Homes, Duplex/Fourplex & Build-to-Rent) — 2026 Rates, LTV Caps & State Rules

Alabama Ground-Up Construction provide business-purpose real estate investors with Up to 85% LTC / 70%–75% Completed ARV across loan amounts from $100,000 – $15,000,000+ at 9.75% – 11.75% Interest-Only on Drawn Funds (12 – 24 Months Interest-Only, 660+ FICO min FICO, 14 – 21 Business Days close). In Alabama (AL), lenders underwrite to a Non-Judicial (Power of Sale) statutory framework (45–65 days-day average timeline), a 0.41% average property tax rate (~$84/mo at the $245,000 state median), and $620/$100K hazard insurance (~$127/mo).

Max Leverage / LTC
Up to 85% LTC / 70%–75% Completed ARV
Min FICO: 660+ FICO
2026 Rate Band
9.75% – 11.75% Interest-Only on Drawn Funds
12 – 24 Months Interest-Only
AL Security Instrument
Non-Judicial (Power of Sale)
45–65 days days avg timeline
AL Avg Tax & Ins
0.41% Tax
$620/$100K Hazard Ins

Alabama County-Level Property Tax & Insurance Hubs (2)

Jefferson County (Birmingham), AL
Jefferson County (Birmingham), AL · 0.52% Tax · $640/$100K Ins
Madison County (Huntsville), AL
Madison County (Huntsville), AL · 0.48% Tax · $590/$100K Ins

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Alabama Ground-Up Construction (2026) — Up to 85% LTC / 70%–75% Completed ARV, 9.75% – 11.75% Interest-Only on Drawn Funds | Stephen R. Mannenbach | Stephen Mannenbach