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construction loans
A great option to let you build the home of your dreams on your own terms!
what is a construction loan?
Additional Information
Construction loans are short-term loans that help finance the cost of building a new home or renovating an existing one. These loans typically have higher interest rates than traditional home loans and require more documentation and a significant down payment. They can be disbursed in installments during the construction process, and some lenders may require a licensed contractor to oversee the project. Once construction is complete, the loan is typically converted to a traditional mortgage. It's important to note that qualifications and requirements vary by lender, so it's important to shop around and compare options before applying.
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