

What if I can't make the closing?
It’s ideal for all parties to be at closing that need to sign. However, at times it’s just not possible. In cases where you will not be...


What income documentation will be needed?
Mortgage lenders and banks today are required to fully document a file and prove they have determined the borrower has the “ability to...


Do I need plans and a budget for a construction loan?
Do I need plans and a budget for a construction loan? Yes. The appraisal on a construction loan is completed based on the plans, budget,...


Can I refinance right after construction?
Can I refinance right after construction? Yes! Since the construction loans are ARM products, many clients will refinance shortly after...


Can I purchase and close on my new property at the same time as the construction loan?
Can I purchase and close on my new property at the same time as the construction loan? The answer is yes. However, depending on how much...


Can I finance raw land or a vacant lot?
Can I finance raw land or a vacant lot? The answert is yes. Raw land can be financed with a lot loan. Lot loans are slightly different...


Construction Loan Process Overview
The loan process for a construction loan is not much different than a “regular loan”. There are a few additional items that are needed...


Why do you need so much stuff?
We in the mortgage industry ask that same question every day. The quick answer is because we do. The longer answer is that out of the...


What is a Construction Loan
A construction loan is a mortgage loan that is used to help finance a construction project of various types. The loan and appraisal is...


Construction Loan Program Overview
A construction loan is a mortgage loan that is used to help finance a construction project of various types. The loan and appraisal is...