Articles, Updates, and Guidelines

August 30, 2022Planning a single-close construction loan means asking some important questions about the nature of the house you want to build. You want to address these issues as early as possible in the planning stages to ensure you are making the right choices for your mortgage. But what kind of issues?

August 25, 2022When you apply for a One-Time Close Construction loan, you're applying for a single loan that is used to pay for the labor and other costs to build the house, and it also serves as your mortgage.

August 23, 2022Are you examining your options to build a home from the ground up? There are some good things to know before you get started planning your loan. For example, depending on the transaction you may have options to build on land you already own, or on land you purchase in conjunction with the construction loan.

August 18, 2022There are plenty of important questions first-time construction loan borrowers should be asking in the planning stages of their home loan. One group of questions you should be asking? How loan funds are handled.

August 16, 2022If you are interested in building a home from the ground up using a One-Time Close Construction Loan, you likely already know these loans have some important differences compared to existing construction loans and even rehabilitation loans like an FHA 203(k) rehab mortgage.

August 11, 2022What should you be looking for when comparing construction loan lenders? There are important areas to consider including some obvious basics like who offers the lowest interest rate and terms. But there are also some not-so-obvious issues to pay attention to, as we will explore below.