Financing Your New Home With A Construction Loan

Just like purchasing an existing home, the first step in building a new home is consulting a lender who can help you determine a realistic budget. Even if you’re paying cash and know how much you have to spend, there are factors that impact the overall budget of your new home, such as site preparation and the finishes you choose, that must be taken into consideration. 

It’s also important to choose the right lender, one with construction lending experience – and better yet, with local construction lending experience.