Articles, Updates, and Guidelines

February 16, 2023If you are interested in building a home with a single-close construction loan, you likely already know these types of loans are much different than mortgages used to purchase existing construction properties. 

February 14, 2023Is building a home better than buying one? The answer depends on your financial needs and goals, but for some, the answer is obvious--there is a real benefit in having a say over your home’s design, the materials it’s made of, and other details.

February 7, 2023If you're looking to finance the construction of your new home, you may be wondering if you can qualify for a VA or FHA One-Time Close construction loan. In this article, we'll go over the four things you need to credit qualify for one of these loans. Remember, VA loans are not offered to all applicants but only to those with qualifying military or uniformed service. FHA loans are offered to all who qualify for the loan.

February 2, 2023If you are building a home in 2023 with a One-Time Close mortgage, you likely understand that these loans have higher credit standards than existing construction mortgages. Sometimes you need every advantage you can get to qualify for a more complex loan like a single close construction mortgage, and paying attention to the credit issues below can help.

January 26, 2023Finance blogs are reporting interest rates falling more than three-quarters of a point since the end of October 2022, with more improvements possible down the road. Now is a very good time to consider your construction loan options, though with the caveat that we may experience a bumpy road back to lower rates and less of a seller’s market for real estate overall.
 

January 19, 2023If you are considering building a home with a One-Time Close mortgage, there are choices you'll need to consider such as the types of materials you choose to build your home with. What kinds of choices?