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Construction Loan
                                                                                                     

Construction loan products are my specialty. Construction loan programs allow you to purchase the lot, fund the construction of your single family home using a construction loan product combined with your permanent loan and close once, saving substantial money in closing costs. Please email with questions on your construction loan

I am a mortgage broker specialized in construction loan products and represent 22 of the largest construction lenders. As a construction loan broker, I work for my client and not the lender, placing your construction loan with the lender whose construction loan programs match your needs. I give you unbiased advice and support throughout the construction loan process. I have given you some basic information on the construction loan here but please call to discuss your construction project. At the fundamental level, construction lenders offer two types of construction loan product 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 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.

Several products include:

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/perm loan.

I have a list of documentation needed to process them.

There is a new page detailing construction 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.

Learn about as completed value financing

I have also included  information on the specialized areas of log home, modular home, or timber frame home financing

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.

Construction Loan   Prequalify for your Construction Loan. 

 

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Extensive consumer information on construction,remodeling, first time homebuyer,and no documentation mortgages.