Thank you for the information. One question, how do I know if a builder is qualified? Or is it just up to each individual lender?

I’m in the information gathering stage. Basically, a builder quoted me a rough estimate of $90k to build a house. It’s a separate parcel behind my current home in Celina, OHIO. I really want to do a one time close construction loan. I like the idea of having a permanent loan in place in case the market falls apart during the process. Gus…

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Thank you for your reply. I doubted the Forum but it actually works. A HELOC wont work in my case. I need to keep that financing option available in case my HVAC breaks in the main house. It’s 6,500 square feet and going too expensive to replace.

It’s my understanding hard money loans are short term financing. Don’t they have to be…

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Looking for new construction loan with a low lender minimum. Looking to borrow $80 to $90k. It would be an investment property. My FICO is around 660 and want to put 20% down. If that small of loan amount isn’t possible, would like to know the minimum loan amount required.

The mortgage bankers association says that rates will be at six percent by end of year. I’m not sure how they figure that.. I think pull a number out of there…