Many of my referrals come from factory built home dealer/builders. Modular and Manufactured homes are great for the FHA/VA construction loan program. They save on construction costs and time (allowing you to save on interest during construction). They are built with quality materials, in a controlled climate, to very tight specs. There are lots of...Read More

There use to be a time, many years ago, that if you wanted to borrow money to build a home you had to get a construction loan. Once the home was completed you had to refinance that construction loan into your end or permanent financing. You paid 2 sets of fees, fill out 2 applications,...Read More

…but you can’t build ANY home. Pole barn homes, container homes, mixed use, geodesic domes, Quonset hut homes, 2-4 units or more, I’ve had calls about all kinds of building types. Unfortunately you can’t use a standard 1x Close Construction to Perm loan for any of these. The program exists to help build homes that...Read More

Construction lending is the “deep end” of the mortgage pool. Any loan officer should be able refinance your current loan or get you a simple purchase mortgage, but getting a construction loan is much more complex. The more construction loan experience your loan officer has, the quicker you can close and start building. If your...Read More

If you already own the land you plan to build on you may not have to make a cash down payment. In fact you may be able to roll in any closing costs and/or pre-paids. Land equity comes in three forms; 1) You have your land gifted to you. We will need sale comps of...Read More