Commercial 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?

Land Construction Loans
Mortgage Construction Loans
New Construction Loans
Residential Construction Loans

1. Tips In Finding A Loan And Builder | The Real Estate Briefings
Home Equity Line – This is an alternative to construction loan and the loan amount depends on how much equity you have in your current property. This is good for new construction if you have a steady financial foundati ...
(http://www.realestatebriefings.com/tips/how-to-finance-new-home-construction/)

2. Heritage Financial (HFWA)'s “Buy” Rating Reaffirmed by Wunderlich ...
It also makes residential and commercial construction, multi-family and commercial real estate, and consumer loans and originate for sale or investment purposes first mortgage loans on residential properties located in . ...
(http://localizedusa.com/2012/02/02/heritage-financial-hfwas-buy-rating-reaffirmed-by-wunderlich-analysts/)

3. MONEY® Money News » Fox Chase Bancorp, Inc. Reports Increase ...
... commercial and industrial portfolio increased $33.4 million, offset by decreases in the one-to four-family real estate portfolio of $39.9 million, commercial construction portfolio of $12.9 million and consumer loan ...
(http://money.ca/money/financial-services/fox-chase-bancorp-inc-reports-increase-in-earnings-for-the-quarter-and-year/)