A New Construction Home Loan is specifically designed for financing the building of a new home, unlike a standard mortgage…
-
What are the requirements for qualifying for a New Construction Mortgage?
Qualifying for a New Construction Mortgage typically involves a detailed review of your financial situation, including income, credit score, and…
-
Can I lock in New Construction Mortgage Rates during the construction phase?
Yes, many lenders offer the option to lock in New Construction Mortgage Rates for a certain period. This can provide…
-
How are the funds disbursed for a New Construction Home Loan?
Funds from a New Construction Home Loan are typically disbursed in stages or 'draws' as the construction progresses. This staged…