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Loan Modification

Home building loan products are my focus and passion. Our “One Time Close Home Building Loan” offering has been expanded significantly. Home building loan programs will purchase the lot, fund the building construction, modify into your permanent loan and close once, saving on closing costs. Email questions about your home building loan

I am a home building loan mortgage broker and represent 22 of the largest home building loan providers. As a home building loan broker, I work for you and not the lender, taking the time to understand your situation and placing your home building loan with the lender who matches your needs. I give you unbiased advice and support throughout the process. Home building loan products are a specialized product and most brokers do not have the experience to guide you through this complex process. I have given you basic information on home building loan products here but please call to discuss your individual home building project. Construction lenders offer two types of home building loan products characterized by how they base interest rates during construction.

Several Home Building Loan products include:

• One Time Close Home Building Loan Single Rate. "One Step" program which protects you against increasing rates and extended lock fees. Interest only fixed rate during construction and modifies into a permanent loan after construction.

• One Time Close Home Building Loan Prime Rate Based. "Two Step" program allows you to borrow up to 95% of your total cost for a Principal Residence and up to 90% on a Vacation Home. Based on the Prime Rate  during the construction period with interest only collected on funds disbursed.

•  Stated Income home building loan products are wonderful for the self employed or anyone with difficult to document income or asset situations.

• Lot Loans. Designed for those who found the perfect lot but are not ready to build.

We offer many different home building loan products and I have information on each on my Home Building Loans section.

I have a list of home building loan documentation needed to process your loan.

I have a Frequently Asked Questions about the process of building with a Home Building Loan.

There is a page detailing construction fees.

I have detailed information on extended interest rate locks with a free float down option. 

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

I have written a series of newsletters covering home building loans which are available free.

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.

One of my favorite lenders has finally reopened their construction department. They offer you the ability to modify into the incredibly flexible Cash Flow Arm when your construction is complete.

Learn about as completed value financing

As a Certified Mortgage Planning Specialist, I offer an analysis of your situation today can make suggestions on how small changes in how your consumer and mortgage debt is structured today can have a life changing effect in the years to come.  Read more about this free, no obligation service.

New! View my Wealthbuilder presentation and learn the safe way to manage your debt and fund your retirement.

I hope the information on this page was useful to you. Please scroll down to view my Mortgage Market Guide. It is a weekly publication explaining the financial markets from a consumer's perspective that is available on this website or by email subscription. I have nearly 8,000 subscribers today and would be happy to have you as well. Your email address will never be used for any other purpose.

Prequalify for your Home Building Loan.