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REQUEST A LOAN OFFICER NOW Purchasing a home can be an intimidating process, so you can only imagine how difficult constructing a home is going to be. While you will need to participate in the entire design process for your new home, there is one item that you must do before you can begin anything else. That one item is finding a residential lot or some land that you can purchase, so that you have a place to actually build your new home.

What is a “PERC” Test and Determining If You Will Need One

in Tips

June 29, 2018

REQUEST A LOAN OFFICER NOW When you are trying to determine whether or not you will need a PERC test, you will need to know whether or not your lot is improved or not improved. Since you probably have no idea what the difference is between those two, let us explain! An improved lot is normally defined as a part of a subdivision or a lot that has a well and septic tank installed right there and they are both in working order.

Ever Wondered Why It Is Harder To Get Lot and Land Loans?

in Financing

June 25, 2018

REQUEST A LOAN OFFICER NOW Some people would rather build a home from the scratch than buy an already existing property from the market. A new home construction gives you the opportunity to customize the designs and add particular features to make your home more comfortable and beautiful. While this sounds very attractive, securing the lot and land loan to achieve this dream may not be very easy. Don’t be too quick to blame the lenders, in this post we will discuss some of the reasons lenders tend to prefer providing loans for the purchase of existing homes rather than ‘bare land’ for new home construction.

Determine Which Loan is Best for You When Constructing Your New Home

in Financing

June 24, 2018

REQUEST A LOAN OFFICER NOW There are two types of loans that you can consider when purchasing land and constructing a new home. Those two loans are the lot and land loan and home construction loan, and each one is unique with what it offers. Of course, your available options will be determined by your personal circumstances, how prepared you are, what you are purchasing, and when you will be completing the construction process.

Five tips to consider when purchasing residential lots and land for your new home

What is a “PERC” Test and Determining If You Will Need One

Ever Wondered Why It Is Harder To Get Lot and Land Loans?

Determine Which Loan is Best for You When Constructing Your New Home

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