Construction Financing Loan
Construction financing loan products are my specialty.
Construction financing loan programs
allow you to purchase the lot, fund the construction of your single family home
using a construction financing loan product combined with your permanent loan and close once, saving substantial money in closing costs.
Please email with questions on your
construction
financing loan
I am a
mortgage broker specialized in construction financing loan products and represent 22 of the largest construction lenders. As a
construction financing loan broker, I work for my client and not the lender, placing your construction
financing loan with the lender whose
construction financing loan programs
match your needs. I give you unbiased advice and support throughout the
construction financing loan process. I have given you some
basic information on the construction financing loan here but please call to discuss
your construction project. At the fundamental level, construction lenders
offer two types of construction financing loan products characterized by how they base interest rates during
the construction phase. I refer to these approaches as “One Step” and
“Two Step”
This page is
focused on new construction financing loan products, if you are interested in renovating an existing
home please go to my renovation
loan page.
If you have owned your lot for 1 year, or if you have documented
"on site" improvements to the property, we may be able to use
this equity to meet your down payment requirement or create an interest reserve account.
These funds may make some
or all of your payments during the construction phase.
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Several products include:
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I have written a
newsletter
covering them, and a construction FAQ
is available. I
have included detailed Frequently Asked Questions and common
misconceptions about the process of building your home with a construction
financing
loan.
I have a list of documentation needed
to process them.
There is a new page detailing construction
financing loan fees.
I have detailed information on extended
interest rate locks with a float down option.
I have a page on calculating mortgage qualification ratios.
I have also included information on the specialized areas
of log home, modular
home, or timber frame products
If you are not ready to build but have found the perfect lot.
The new Purchase Plus Lot
Loan can save you a great deal of money.
New! One of my favorite lenders has
finally reopened their lending department. They offer you the ability to
modify into the incredibly flexible Cash Flow Loan
when your construction is complete.
As a
Certified Mortgage Planning
Specialist, I offer an analysis of
your situation today can make suggestions on how small changes in how
your debt is structured today can have a life changing effect in the years
to come. Read more
about this free, no obligation service.
New!
Prequalify for your
Construction Financing Loan.
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