Ground-Up Construction in Tyler

About $840 all-in on a 2,000 square foot house. Tyler prices new residential construction at $0.35 per square foot of building space, minimum $50, under the code of ordinances, plus a plan review fee equal to 20% of the permit fee. On a 2,000 square foot house that is $700 for the permit and $140 for plan review. A 1,200 square foot gut rehab runs about $504 the same way, but that rehab math does not apply here since it is priced on remodeled area, not new construction area, so do not use the new-build rate to size a rehab budget.

Yes, and the code prices it: 300% of the normal permit fee plus $100 an hour. Tyler's expedited plan review option is written directly into Sec. 6-3(a)(6) of the code of ordinances, available for voluntary requests from applicants, but only "if staffing is available." That is a real schedule lever for a builder trying to hold a construction term to a tight timeline, but it is discretionary on the city's side and high-cost relative to the base fee, so price it into your budget rather than counting on it.

They can, and Smith County is a real place to check. The East Texas Oilfield, discovered in 1930, reaches into southeastern Smith County, and Texas law makes the mineral estate dominant over the surface: a mineral owner has the right to use the surface "to the extent reasonably necessary" for exploration, development, and production, per the Railroad Commission of Texas, and the Commission generally will not referee a dispute over it. Read the title commitment's Schedule B mineral exception before you break ground on a lot. There is a lower-cost fix if the policy excepts minerals: the Minerals and Surface Damage Endorsement, Form T-19.2, is priced at $50 on an owner's policy and $0 on a loan policy under the state's promulgated title rules. No data exists on what share of Smith County parcels actually carry a severed mineral estate, so treat this as a title-search item on every lot, not a probability.

By as much as 70 basis points of value a year, and it is worth pricing before you buy the dirt. An unincorporated Smith County lot in Tyler ISD, with no city rate at all, carries a stack of about 1.46 per $100 of value. The same house built inside Bullard carries about 2.17 per $100, driven mostly by Bullard ISD's 1.2469 rate against Tyler ISD's 0.8450. On a $250,000 basis that is roughly $1,750 a year in tax, which changes your carry cost during the build and your buyer's payment on the exit, whether that exit is a sale or a hold into a DSCR rental loan. All figures are 2025 rates; Smith County had not finished adopting 2026 rates as of this writing.

Not much, and that's a genuine advantage over a lot of Texas metros. Smith County has only one municipal utility district, the East Texas MUD, levying 0.221157 per $100 of value for 2025. No public improvement district levies appear in the Comptroller's 2025 file for the county either, though that is an absence in one dataset, not confirmation, so verify per parcel. Compare that to the DFW or Bell County pattern, where MUD overlays of 0.78 to 1.00 per $100 are routine on new-build lots. A Smith County lot is far less likely to carry a surprise utility-district tax on top of the county, city, and school rates.

Plan for a flat market and a real marketing period once the house is finished. As of July 2026 the Tyler MSA carried a median list price of $370,250, down 1.3% year over year and down 6.2% from the 2022 peak, with a median 66 days on market and roughly 36% of active listings already carrying a price cut. Our construction terms run 12 to 24 months; on a Tyler spec build, set the term long enough to sell into that pace rather than betting on a quick close once you're finished framing.

Roughly 15% of cost, about $45,000, plus around $840 for the city permit. We fund up to 85% of cost and up to 70% of value, whichever binds first. On a $300,000 all-in Tyler build that is up to $255,000 from us and $45,000 from you (300,000 x 85% = 255,000), drawn against the build schedule rather than handed over at closing. Add the city permit on top: $0.35 per square foot plus a 20% plan review fee, about $840 on a 2,000 square foot house. Subject to underwriting.

Usually not. Construction is an asset-based file underwritten on the lot, the budget and the finished value, so we run credit but there is no minimum score on this program. Weaker credit is normally offset with lower leverage rather than a decline, meaning more of the $300,000-build example comes from you. There is no hard credit pull to start, and loans run up to $5M on a 12 to 24 month term. Subject to underwriting.

Yes, usually at a lower leverage number, and the term has to cover that marketing window. Experienced builders can access higher leverage, so a first build tends to price below the 85% of cost ceiling rather than get declined outright. Set the term with the exit in mind: our terms run 12 to 24 months, and Tyler resale is running a median 66 days on market with about 36% of listings cutting price, so give the finished house a real marketing window. Subject to underwriting.