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

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

Pennsylvania 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 Pennsylvania (PA), lenders underwrite to a Judicial (Action in Mortgage Foreclosure) statutory framework (180–250 days-day average timeline), a 1.49% average property tax rate (~$391/mo at the $315,000 state median), and $490/$100K hazard insurance (~$129/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
PA Security Instrument
Judicial (Action in Mortgage Foreclosure)
180–250 days days avg timeline
PA Avg Tax & Ins
1.49% Tax
$490/$100K Hazard Ins

Pennsylvania County-Level Property Tax & Insurance Hubs (3)

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Pennsylvania 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