Construction Phase Overview
The construction phase begins after you close on your loan. It’s at the point your construction loan is in place and you can start...
Do I need Mortgage Insurance?
Whether or not your loan will contain mortgage insurance (MI) will depend on your down payment. If you have a loan to value (LTV)...
How is the down payment or loan to value (LTV) calculated?
The down payment or equity needed will vary depending on a few variables such as when the property is purchased as well as the appraised...
How long is the construction phase?
The construction term is generally 12 and up to 18 months. The construction phase is the period of time your home is under construction....
How much do I qualify for?
How much a borrower qualifies for varies widely depending what you are looking to do, the credit score, income and monthly debts. One...
What documentation is needed for a Construction Loan?
The documentation needed for a construction is not that much different than a “regular” loan? While every client’s items list will be...
Keys to a Successful Home 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. ...