Articles, Updates, and Guidelines

November 29, 2022In the summer of 2022 when the housing market was in full-on seller's market mode, some questioned building a home under such conditions; higher current interest rates, possible future interest rate adjustments by the Fed, and plenty of uncertainty about inflation, a recession, etc.

November 22, 2022When building a home, there are important considerations to make for mortgage insurance and the types of policies you may also need if you are building in an area known for natural disasters. Mortgage insurance and hazard insurance are not the same things and even for homeowner's insurance policies, there may be a difference in coverage for certain types of incidents like floods or fires.

November 17, 2022Building a home on your own lot requires you to do a variety of things before you can accept the keys and move into your brand-new, never-before-owned home. Choosing the lender, selecting the builder, choosing your floor plan, how much you will put down and other decisions are all big parts of the process.

November 15, 2022If you are interested in building your own home on your own land (or land you purchase in conjunction with the construction loan), you are likely examining your options with an eye on rising interest rates.

November 10, 2022Is it smarter to build a home or buy one? In late 2022 some borrowers are asking that question, faced with rising interest rates, a lack of inventory, and high prices. What are the pros and cons of building your own home on your own lot with a One-Time Close mortgage?

November 8, 2022If you are planning to build a house with a single-close construction loan, there are a few questions you should ask before you commit to working with a construction lender. You want to know a few things about that financial institution before moving forward.