Learn how to avoid common construction loan mistakes such as underestimating costs, poor planning for delays, and starting without enough reserves. Essential home building financing tips for first-time builders.
Learn how construction loan interest rates work, when to lock, how float-downs and buydowns can help, and ways to cut interest during draws—so you finish on budget and convert to a great long-term rate.
Get approved faster by knowing construction loan requirements up front. See the exact documents lenders need—credit, income, budget, plans, builder, permits, appraisal—and how to prepare.
Learn the step-by-step process of getting a construction loan, from prequalification to approval, so you can finance your dream home with confidence.
If you’re planning to build a home, one of the first questions you’ll face is how to pay for it. Most people are familiar with mortgages—long-term loans used to buy an existing home. But building a new house from the ground up usually requires a different kind of financing. That’s...
When families dream about their new home, one of the first questions is simple and pressing: how long does it take to build a house? The answer depends on design, location, permitting, weather, and labor. Understanding the major phases helps you set realistic expectations and keep stress in check as...
Why Your Foundation Choice Matters When you picture your dream home, you may think about the exterior style, the kitchen layout, or the number of bedrooms. But beneath it all lies one of the most important decisions you’ll make: the foundation. Choosing the best foundation type for your house isn’t just about...
Why Building Codes Matter One of the most common surprises for new homebuilders comes after the excitement of purchasing a house plan. You’ve chosen the perfect design, but when you take it to your local building department for permits, you’re told it doesn’t fully comply with local building codes. Suddenly, the...
Building a custom home is a dream, but managing the budget doesn’t have to feel like a nightmare. In fact, with thoughtful planning and some smart tools, you can tackle this milestone with confidence—and maybe even with a sense of excitement over staying on track. The Cost Reality True transparency begins with...
When you purchase a house plan online, it may feel like you’ve just “bought” the design outright—something you now own like a piece of furniture or a car. But in reality, what you’re purchasing is a license to use the designer’s work, not ownership of the design itself. This distinction...
