Construction Loans
Construction loans are getting harder and harder to come by. Most home builders want you to use their in house financing. They will make this "in house lender" more attractive by using terms like "free upgrades" and "negotiated interest rates". Although it seems like this is the best option and presented to you and really the only option, it is just simply not true. When you are given a "negotiated rate" the builder builds the compensation to the bank for this rate into the price of the house. You pay more for your house! Add to the fact that most of the time the rates offered aren't the best you can get.
By securing a construction loan on your own it allows you many more options. You have better leverage over the price of the new home build. You have the ability to use a custom home builder and not a "cookie cutter" home builder that only has a few different design choices.
Please feel free to contact me for a consultation and I can show you what you can qualify for and refer you to some reputable new home builders so you can start designing your dream home!
Brian Dawson
Sr. Loan Officer
NMLS # 142285
By securing a construction loan on your own it allows you many more options. You have better leverage over the price of the new home build. You have the ability to use a custom home builder and not a "cookie cutter" home builder that only has a few different design choices.
Please feel free to contact me for a consultation and I can show you what you can qualify for and refer you to some reputable new home builders so you can start designing your dream home!
Brian Dawson
Sr. Loan Officer
NMLS # 142285
