So how do you appraise a home that isn’t built yet? This is a question I get quite often when I speak to potential clients about construction loans. The answer is, plans and specs. The appraiser will be given a copy of the legal description for your land, so they will know where you’re building. But instead of being...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