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| LOT LOANS
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| If you have found your perfect lot, then, you may need a lot loan to close the deal. This will give you time to get your plans approved, interview contractors and finish preparations needed before you start construction. |
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Let us help you choose the program that best fits into your home building process. |
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| Planning to build the home of your dreams? Here’s expert advice for every step of the process
Read More >. > |
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Please call (888) 527-5553 X101 to speak
with our project loan manger or complete
our short info
form and someone will contact you
immediately. |
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| TOP 8 QUESTIONS A CONSTRUCTION LENDER WILL ASK YOU |
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| 1. |
Do you own the lot? If so, for how long? What was the original purchase price? What are the current value and payoff amounts? If not, what is the purchase price? |
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Do you have Plans and Specs? Do you have Plan Check Approval? If not, when? |
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| 3. |
Are you building this project with
a General Contractor or as an
Owner/Builder? |
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| 4. |
What are your construction costs (soft costs and hard costs) |
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Have any project costs already been paid? |
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What is the finished appraised value of your home? |
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| 7. |
What will be the finished
appraised value of your home? |
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| 8. |
All other standard credit application questions (same as standard mortgage) |
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