Articles, Updates, and Guidelines

December 20, 2022When planning to build a home with a One-time Close construction loan, there are some basic expectations you should have going into the process. For example, you should not assume it is possible to build a home without a down payment. But that's a very obvious issue. What about more complex aspects of building a home on your own lot?

December 15, 2022Government home loan limits are increasing in 2023 and there are indications that the housing market in general may become more favorable to buyers as the new year wears on. No, that won't happen overnight. But the predictions at press time seem to indicate better days are coming.

December 13, 2022The U.S. Chamber of Commerce describes non-bank lenders as a financial institution that lends money but doesn't operate with a full banking license. It does not offer deposit, checking, or savings services. This definition is important, because non-bank entities have become more common in the construction loan space over the years, and now the federal government is stepping up efforts to hold these companies accountable should they run afoul of the law.

December 8, 2022During the pandemic, many experienced financial troubles that required tough choices about which debts to pay and making ends meet. Americans who experienced hard times may have watched their credit scores suffer and coming out of the pandemic many vowed to do better and restore their credit to pre-pandemic numbers.

December 6, 20222022 is winding down and those who did not build a home in the present year may be looking to 2023 in hopes of a better new year with lower rates and more affordable single-close mortgage loan options.

December 1, 2022Are you seeing headlines about the state of today's housing market and wondering if now is the right time to build a home? You are not alone; many have watched mortgage rates rise in the last year and wonder how long conditions will remain tough for those who want to build a new house on their own lot. oct