From Construction To Home In Only One Loan, Add Your Land Buy & Construction Expenses In One Closing, Preserving Time & Cash
The customer may obtain their very own land, or have their land paid down, or bought within our closing. Furthermore, we fund through the construction period, plus the end loan funding. The onetime Close Construction Loan represents all deals in one single loan, with one round of closing costs.
On old-fashioned construction loans you will be necessary to get financing for the land, and land lenders need as much as 20% down. You then would have to get a construction loan, where because so many lenders additionally require 20% down.