Need a Loan To Build a Home? How Construction Loans Work
Need a Loan To Build a Home? How Construction Loans Work
If you re building a house, you need a home construction loan, which differs from a traditional mortgage in terms of interest rates, down payments and more.
Erica Sweeney, provided by
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In this installment from our
Guide to Building Your Own Home, we ll cover everything you need to know about construction loans.
Read on to learn how home construction loans work, how they differ from conventional mortgages, what you need to qualify, and what happens once your home build is complete.