Construction
Loans
Not Available at the Time
AAXA is not able to broker any construction loans
at this time. 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, AAXA had access to some great construction
loan programs and we do hope to be able to offer them
again in the future. We apologize for any inconvenience
that this may have caused. We hope you will consider
us for your take-out financing needs. You can count
on AAXA for some of the best
mortgage rates in the Nation.