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Program 04

Ground-Up Construction in San Angelo

San Angelo ground up construction loans for new builds.

We fund ground-up construction up to 70% LTV and 85% of cost, up to $5M, on 12 to 24 month terms with draws set to your build schedule. In San Angelo, permit fees are published by the square foot, and sewer capacity near the lake deserves a check before you buy land. Business-purpose loans only, subject to underwriting.

Ground-Up Construction in San Angelo, TX from USA Mortgage
70%
max LTV
85%
of cost
Most states
funding
$5M
max loan

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.

Who it's for
Spec home builders
Developers and operators
Lot purchase or teardown
Build-to-rent strategies
Typical terms
Loan amountUp to $5M
LeverageUp to 70% LTV / 85% LTC
Term12 to 24 months
DrawsPer build schedule
RateFrom 10.00%*
UseSpec or build-to-rent
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*Typical terms, subject to underwriting and market conditions.

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Local FAQ

Ground-Up Construction in San Angelo, answered.

What does a San Angelo building permit cost?
A $125 base fee plus $0.19 per square foot of living area, and $0.15 per square foot of garage, porch or patio. A 2,000 square foot house with a 400 square foot garage runs $125 + $380 + $60 = $565, an illustration from the schedule effective January 22, 2026. A residential foundation-only permit is $125. Expedited review means paying a city-approved third-party reviewer at that firm's published rate plus 15% of the initial plan review fee. The 2026 schedule we read has no impact-fee line, which is not proof that none apply, so ask the city before you budget.

Sources: sanangelo.gov

How active is new home construction in San Angelo?
Detached single-family permits are running ahead of last year. From January 1 to September 2, 2026 the city issued 248 detached single-family permits, against 208 in the same period of 2025, up 19% (248 / 208 = 1.19). Duplex permits were 26, against 10, while attached single-family permits fell to 1 from 34. The figures are city permits, not the whole metro, and a permit count says nothing about absorption, so size your build to the resale and rent evidence in your own comps.

Sources: sanangelo.gov

What do water taps cost, and does it matter where the lot is?
Yes: outside the city limits, taps cost 1.5 times the city schedule. Inside the city, a 5/8 inch tap is $100 where the developer stubbed it out and otherwise $150 plus trench repair, and a 1 inch tap is $250 plus trench repair. That is a small line against a build budget, but it moves the comparison between an in-city lot and a rural one, and it is separate from the tax stack, which is lower outside the city. Confirm service and tap cost with the city before you close on land.
Is there a sewer problem around Lake Nasworthy?
There was a capacity constraint, and we could not confirm that it is fixed. The city's fiscal 2024 annual report says economic development at the airport and around Lake Nasworthy was held back because the wastewater system there was at capacity and relied on a single uncased pipeline across the lake. The city issued $41.135 million of sewer debt in 2023 for twin cased mains, but we did not find a completion date. If you are buying a lot near the lake, get written confirmation of sewer availability first.

Sources: sanangelo.gov

Is water supply a constraint for new building in San Angelo?
The city has been building new supply, and we could not confirm the last phase is done. It built a roughly 60-mile Hickory Aquifer pipeline and treatment project, financed with $120 million in initial bonds, $56.075 million in 2020 and $13 million in 2023 through the Texas Water Development Board. The second phase was expected to finish in 2025, and we did not find a completion notice. Ask the city about service to your specific lot.
What does the land cost to carry during a build?
It depends on which side of the city line the lot is on, and it gets no homestead exemption. On 2025 rates the in-city stack is 2.33605 per $100 ($4,672 a year on $200,000 of value), while a Grape Creek lot carries 1.25895 ($2,518). A parcel inside Red Creek MUD adds 0.20000 and one in the emergency services district adds 0.02023, but we could not map those boundaries, so read the parcel's record at the Tom Green County Appraisal District.

Sources: tomgreencountytx.gov

More Ground-Up Construction questions, answered on the program page

Resources

Guides for Ground-Up Construction

Fix and Flip · 6 min read
Fix and Flip Loan Requirements: What You Need to Get Funded
Read the guide
Fix and Flip · 5 min read
What Is ARV (After-Repair Value) and How Do You Calculate It?
Read the guide
Construction · 5 min read
How Ground-Up Construction Loans Work
Read the guide
Getting Funded · 4 min read
LTV vs LTC: What's the Difference?
Read the guide
Browse all guides
More in San Angelo

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Ground-Up Construction elsewhere in Texas

All San Angelo loan programs
About the local figures on this 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 2026-10-16.

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