Tuesday, February 7, 2012

Construction Loans


The most common construction loans today are often a one-time close loan with one set of loan fees. This means your loan will be combined into one package instead of spread out over many different loans. These construction loans enable you to do a number of things such as build your dream home, remodel your current home, and acquire a piece of land for building a second home or out of state getaway.

Construction Loan Benefits

  • One-time close construction to permanent financing
  • Different property types including lots, permanent residences, and out of state getaways.
  • Owner builder loans let you be your own contractor which can provide equity immediately after construction.
  • Remodeling loans allow you to add to your current residences value.

There are a few choices when it comes to building or remodeling a house. Working with an experienced loan officer is key to everything in your project going smoothly.