Credit and Construction Loans

Most traditional construction loans require a 680 credit score or better for qualification.  Some niche lenders offer loans on scores less than 680. These loans typically charge higher interest rates and require substantial equity, or money down.  Making a tough situation even worse, loans with less than 680 credit scores loans require 15% of total [...]

Credit Requirements

It goes without saying that knowing your credit standing is important. Credit plays a major role in the construction process; obtaining loans, qualifying for a good rates on insurance and being extended credit by local suppliers are all are impacted by credit rating.  Since most construction lenders require a 620 credit score or better for [...]