Types of Loans

FHA Construction Loan

When many people think of the Federal Housing Authority, also known as the FHA, they think of traditional home loans for low income families in HUD homes. However, the federal government will also finance custom home projects in certain situations. Typically referred to as construction loans, these FHA mortgages pay for both the structural construction [...]

Read the Full Article →

What Is a Home Construction Loan?

A home construction loan is a loan that people obtain in order to finance a construction project. The project can be for anything but whether or not these loans are approved often depends on how the construction project will be used after it has been completed. Because repayment is based on what will occur after [...]

Read the Full Article →

Home Construction Loans

While purchasing a used home or cookie cutter home from a real estate developer is fine for many people, others want either a newer home or more unique home. For these people, the best option is to have their own home built from the ground up customized to the homeowner’s liking. To build their own [...]

Read the Full Article →

FHA 203(k)- Home Construction and Rehab Loan

The Department of Housing and Urban Development (HUD) created the FHA 203(k) to fix rehab homes and remodel old ones. They used to have the top construction and rehab loans until major lenders stepped up and offered better loan programs to customers. Now that credit requirements are tighter and loan limits are higher, the FHA [...]

Read the Full Article →

Commercial Loans

For large business managers and small business owners alike, commercial loans are a huge part of the process. In order to do business in today’s world, you have to have access to money on demand. When you have a big time expense, it is important to find commercial loans to handle that need. There are [...]

Read the Full Article →

Modification Loans – A Type of Construction Loan

A Modification Loan is a type of construction loan that allows certain categories of homeowners to make modifications to their primary, permanent home under varied conditions. While these loan types have interest, the rates are nonetheless low and tailored to helping residents out. With Modification Loans or any type of construction loan, self-education regarding the [...]

Read the Full Article →

Two Time Close Construction Loans

If you’re looking to build or renovate a home, you are often required to take out a construction loan. There are two types of construction loans. The difference depends on whether you want to pay for the home by the time it’s completed (the one-time close loan), or whether you want to pay off the [...]

Read the Full Article →

One Time Close Construction Loans

Building a dream home can be both exciting and confusing. Traditional home buying requires a mortgage to finance an existing home. Unlike this type of home buying, one time close construction loans allows planning, building, and taking out a mortgage to be in one convenient loan. The Basics A one time close construction loan, also [...]

Read the Full Article →