Can I get a deposit for certain items?
The construction program is generally paid out based on work completed. However, deposits can be obtained for custom items where its’...
What Can I Do To Prepare For Applying For a Construction Loan?
Being prepared to apply for a mortgage can be very helpful in making the process smoother. Mortgage companies are required to “fully...
Keys to a successful construction project
If this is your first time doing a major rehab project or building a home, there will be some challenges and frustration along the way. ...
When should I start the loan application process?
When you should start the loan application process will depend on your scenario and a few factors. If you are purchasing a property (or...
What does it mean to be "out of balance"?
Being out of balance means you don’t have enough funds remaining in the loan based on the costs needed to complete the project. This...
Can I start construction before I close?
Yes you can, but it can complicate things if not done correctly. At times clients will want to start their project before the loan has...
How long can I be in the construction phase?
The construction phase is the period of time your home is under construction. Once your home is complete, the loan moves to the permanent...
How do the draws work?
Our goal in our draw process is to allow your builder to spend as little time as possible with paperwork so you can concentrate on...
Can I switch builders after my loan closes?
It is possible, but the process to switch builders after you close (and before completion) can be quite time consuming. The most common...
Can I rely in my home inspection to protect me?
No. The purpose of the inspection is to confirm whether work that is being requested to be paid out has been completed. It is important...
