A Construction Loan
ContentsShort-term loans (Unionized states enjoyFha construction loanFha construction loan? fha constructionPost: buying land[youtube]//www.youtube.com/embed/IK-4PskZ8PY[/youtube]Most often, construction loans are short-term loans (one year or less) that turn into a longer, more conventional mortgage when building is complete. The larger part is usually 15 or 30 years. With a construction loan secured, you will receive installment payments for that first year of building.Typical Construction Cost It would seem reasonable to assume that masonry construction in the border states, with the amazing amount of readily available skilled labor, will cost less than masonry construction somewhere in non-border states. Texas is also a right-to-work state and we don't face some of the typical cost issues that unionized states enjoy.Down Payment For Construction Loan Fha Loans New Construction In this article, we describe the specific requirements…