Construction Loans

Building your Dream house. Many People who buy Land often have a hard time financing the purchase of a piece of property with no existing structure on it . Often time Banks and lending institutions don’t want to loan money for Land only without an exiting house or on the actual property.Building a new house on land requires financing for construction. How do construction loans work ? These loans are not offered by every lending institution. Many large mortgage companies like fannie mae lend for existing houses already.

.Many banks or credit unions will finance the land only purchase as they understood the local market and said it would require a down payment of 30-40%

Finding a bank or financing for a Construction only loan can also be challenging. Meaning If you own the Land already but with no house on it, which banks willlend you money to put a house up?

Construction Loan Disbursement
Loans For Land Only
Mortgage Construction Loans
New Construction Loans
Spec Construction Loan

1. Popular, Inc. (BPOP) Reports Net Income of $151.3 million for the ...
The results for the third quarter of 2011 included the gain on the sale of commercial and construction loans, which contributed with a favorable impact to non-interest income of $17.4 million during that quarter. Other s ...
(http://traderpower.com/popular-inc-bpop-reports-net-income-of-151-3-million-for-the-year-and-3-0-million-for-the-quarter-ended-december-31-2011/)

2. Should You Renovate Your Home or Move On?
Construction loans finance structural renovations and the building of new dwellings, where the funds are drawn down over time as the extension or dwelling is built, rather than in one lump sum. These draw downs are ... ...
(http://www.qualityarticles.com/should-you-renovate-your-home-or-move-on.htm)

3. TODAY'S DEALS: HFF Secures $56M Refi for San Diego Student ...
The services firm worked exclusively on behalf of AIG Global Real Estate Investment Corp. in placing a seven-year, 4.56 percent fixed-rate loan with M&T. Proceeds were used to refinance an existing construction loan. ...
(http://www.multihousingnews.com/news/todays-deals-hff-secures-56m-refi-for-san-diego-student-housing/1004047832.html)