: Rates are usually variable and typically 1% to 2% higher than standard mortgage rates. Common Loan Types
: Expect to put down 20% to 25% . Government-backed options like FHA construction loans may allow as little as 3.5% down. construction financing
: You must provide finalized blueprints, a detailed line-item budget, and a signed contract from a licensed and insured builder. Step-by-Step Process : Rates are usually variable and typically 1%
: Specifically for buyers purchasing a "fixer-upper" to finance both the home purchase and significant upgrades. a detailed line-item budget
: Only available if the borrower is also a licensed professional builder who will act as the general contractor. Eligibility & Requirements
