Construction Loan | Builderloans
Construction Loan
Description
Having the proper financial partner at your side can make all the difference, even though the road to a successful project is not always a straight one. BUILDER LOANS is eager to be your partner in achieving your objectives and is devoted to supporting you every step of the way.
Get Builder Loans to Financing Construction
We simplify things.
- ONLY EVER CLOSE
30-Year Fixed-Rate Construction Loan with One-Time Close that Combines Construction and Permanent Financing.
- CONSTRUCTION FINANCING AT 100%
You can finance all of your construction costs, including prepaids, contingencies, and your land loan, with financing that has a higher than normal LTV (Loan-to-Value) ratio.
- LOANS TO OWNER-BUILDERS
You can oversee your own project, take on the role of project manager, employ subcontractors, and pay suppliers and vendors directly.
- MODULAR, PRE-FAB, & ADU
Modular, prefabricated, and accessory dwelling units (ADUs) are permitted and may be given an upfront draw on specific materials and pre-order products.
The American Dream has always included owning a home, and conventional home loans and mortgages have traditionally played a significant role in traditional lending institutions. Because you are borrowing money for a short period of time to construct a structure that doesn't currently exist, construction loans are a little more complicated than traditional mortgage loans. Additionally, compared to traditional mortgages, construction loans make up a very small portion of a lender's portfolio and are far more difficult to uncover.
A unique "Dream Home" can only be built once in a lifetime. Such a significant emotional and financial commitment deserves to be carefully considered and treated with respect. If you want your home to be built on schedule and within your budget, it is crucial that your construction financing be customized to match your unique demands. You have special wants, requirements, and expectations.
Construction loans occur in a variety of forms, and choosing a generic "One-Size-Fits-All" construction loan can result in a number of problems, such as an unexpectedly high down payment, higher interest rates, unclear contractual duties, and unanticipated cost overruns. Not only that, but every time you make a mortgage payment, you'll be reminded of how stressful and disappointing the process of building your "dream home" was.