I need to know how to go about financing a home that i want to build I own a lot free and clear in city limits and have a home plan that i would like Now i need to start preparing my finance and i don't know where to start Please help
How to finance a new construction home?
Talk to lenders about construction loans. They are specifically designed for your needs.
Reply:If your construction is complete, you will need to finance long term financing. It's possible the lender you used for construction draws would be able to help you. Otherwise I suggest you check with several local lenders to see what programs they offer and how they might suit your financial situation the best.
Reply:All-In-One Construction loan. It converts to a fixed loan after you obtain your CO. (Certificate of Occupancy)
Reply:A long term loan from a bank. You will need to back up loan with something or someone.
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