Home construction loan products are my
Mortgage has expanded
its “One Time Close Home Construction Loan” offering. Home construction loan
allow you to purchase the lot, fund the construction of your home
using a home construction loan combined with your permanent loan and close only
once, saving you a substantial amount of money in closing costs. Email with
construction loan questions
Home Construction Loan
I am a
home construction loan mortgage broker and represent 22 of the largest home construction lenders in the
market. As a broker, I work for my client and not the lender, taking the time to
understand your situation and placing your home construction loan with the lender whose
home construction loan programs
match your needs. I am able to give you unbiased
advice and support throughout the home construction loan process. Home construction lending is a specialized
part of mortgage banking and most brokers do not have the experience
to guide you through this complex process. I have given you some
basic home construction loan information here but please call to discuss
your individual home construction project. At the fundamental level, home construction lenders
offer two types of product characterized by how they base interest rates during
the construction phase. I refer to these approaches as “One Step” and
Several Home Construction Loan products include:
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.
I have written a series of
covering these which are available free.
I have included a list of documentation needed
There is a new page detailing construction
I have included detailed information on extended
interest rate locks with a free float down option.
I have included a page on how to calculate your mortgage qualification ratios.
have included detailed Frequently Asked Questions and common
misconceptions about the process of building with a construction/perm
I have also included information on the specialized areas
of log home, modular
home, or timber frame 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.
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.
Prequalify for your Home Construction Loan.