Ground up construction loans for Edmond lot buyers and builders.
Built for spec home builders and developers. We fund the land and the vertical build up to 70% LTV and 85% of cost, with draws that keep pace with the job. In Edmond, a new lot's water, sewer and electric connection charges come from a printed fee schedule instead of an area-dependent impact-fee calculator, so the per-lot carry is knowable before you buy the dirt. Business-purpose only, and every structure is set in underwriting.
Typical figures, subject to underwriting and market conditions. Not a commitment to lend.
How it works
We finance both the land and the vertical construction, with a draw schedule built around your timeline. Experienced builders can access higher leverage on cost.
What does it cost to connect water, sewer and electric on a new Edmond lot?
About $3,100 of connection, permit and inspection charges on a 2,600 square foot house, before any plat, engineering or park dedication cost. Edmond's Building and Safety fee schedule prices a water meter install at $450, a water capacity fee at $1,106, and a sewer capacity fee at $1,027, plus a $90 base electrical fee and a $100 200-amp meter base, $105 for admin and plan review, and $0.06 per square foot of building inspection. Those are flat figures from a printed schedule, not an area-dependent calculator, so you can underwrite the connection carry before you buy the lot. The schedule carries no printed effective date, so confirm the current numbers before closing.
Does Edmond charge impact fees beyond the printed connection schedule?
We don't know, and neither should you assume otherwise. Edmond's Building and Safety schedule publishes flat water, sewer and electric connection charges, unlike Oklahoma City's area-dependent streets and parks impact-fee calculator. Whether Edmond separately levies a traffic, parks or drainage impact fee outside that schedule has not been confirmed, so budget for the possibility and check with the city's permit center before you finalize your pro forma.
Who is actually building in Edmond, and what am I competing with?
Production and regional builders are already running multiple subdivisions at once. The city's January 2026 permit register shows Lennar Corporation building at Covell Ranch 2, Taber Built Homes at Woodland Park 6, McCaleb Homes at Bison Ridge and Plaza at Town Square 2, and Executive Homes LLC at Stone Hill at Iron Horse Ranch 2, plus Authentic Custom Homes, Beacon 5 Homes and Crabtree Custom Homes on other lots, at permit valuations from $190,000 to $650,000. That's absorption evidence for a spec build, and it's also competition for trades and finished lots. A full-year permit count for Edmond has not been published, so treat this as a single month's snapshot, not an annual trend.
Does the entitlement process add time on top of the building permit itself?
Yes, and the plat is the step to watch, not the permit counter. Edmond's own permitting page states no turnaround commitment for any review type, but the structural pattern is that a preliminary plat or site plan runs a longer review cycle here than a by-right action like a lot split or a specific use permit. East of I-35, the city's adopted East Edmond 2050 Plan is explicitly preservation-weighted toward open space and Cross Timbers forest and farmland protection, a real entitlement headwind on a dense-plat pro forma in that corridor. Size your construction-loan term around the plat, not the framing calendar.
Is my new-build utility connection handled by the city or a private utility?
The city, for the core connection. Edmond owns its electric utility and bills electric, water, sewer, solid waste and stormwater on one municipal bill, so a new lot's utility connection is a city transaction rather than a negotiation with a separate private provider. Whether a fringe lot with an Edmond mailing address is actually served by Edmond Electric or by OG&E has not been confirmed, so verify the serving utility before you budget the connection on a lot near the city's edge.
What happens if construction starts before the permit is issued, or I have to demolish first?
It costs three times the permit total. Edmond's fee schedule charges construction started without a permit at three times the standard permit fee, and a re-review after the first submittal runs $0.06 per square foot with a $50 minimum, so a design that keeps getting kicked back adds real cost on top of the delay. A demolition permit runs $125, but that fee is waived if new construction starts on the same site within 30 days, worth sequencing your teardown and rebuild around.
More Ground-Up Construction questions, answered on the program page
Local rules move. Every tax rate, fee, ordinance and market figure here comes from a primary source and carries the date we read it, and we correct them as the rules change. Where a number is mid-change or we could not verify it, we say so rather than guess. Before you commit a budget, confirm anything that drives it with the city or county, and talk to your attorney or CPA on questions of law or tax.
Published by USA Mortgage Funding, LLC, NMLS #152588. Researched from primary sources by our team, drafted with AI assistance, and every figure checked against its source before publishing. Where an answer rests on a public record, that record is linked under it. Figures read on 2026-08-28.
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