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Construction Loans

Please note that the rates listed below are not for construction loans. In today's market many companies have decided not to be involved in construction lending. You can use the survey to reach out to companies to inquire whether or not they are currently offering such products.

Constructing Lending Information

Due to the current real estate environment, many lenders have terminated their construction loan programs. As a real estate market cools, builders get stuck with excess inventory and defaults rates begin to rise. Lenders then have to decide where to lend their limited pool of money. Construction programs are often the first to go due to the turn around time (from initial building specs through final inspection) when coupled with the elevated chances for default. In the past, many companies had access to some great construction loan programs and may again in the future. In the meantime, you may want to call a few of the companies in the online survey or simply reach out to your local bank and/or credit unions for help.

Best of luck finding a great deal on your next home construction loan.