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Anyone know of local builders who will finance the construction phase of a home build? Im tried of the crappy overpriced options and having to fight. We just lost our dream home and I'm ready to just give up. Our budget is around 400k and we just can't find anything. I feel like that should be more then enough but it's apparently not these days.
Anyone know of local builders who will finance the construction phase of a home build? Im tried of the crappy overpriced options and having to fight. We just lost our dream home and I'm ready to just give up. Our budget is around 400k and we just can't find anything. I feel like that should be more then enough but it's apparently not these days.
I would avoid builder financing if possible. We had a lot of trouble finding a good construction loan, but we finally found HomeTrust bank and they have been WONDERFUL. We had a couple of flops before we found them and wasted some precious time that ended up going nowhere. The terms and process were a breeze and they've really made everything so easy for us. We worked with Lisa Hart, but I'm sure anyone over there would be great.
I would avoid builder financing if possible. We had a lot of trouble finding a good construction loan, but we finally found HomeTrust bank and they have been WONDERFUL. We had a couple of flops before we found them and wasted some precious time that ended up going nowhere. The terms and process were a breeze and they've really made everything so easy for us. We worked with Lisa Hart, but I'm sure anyone over there would be great.
What % down were you required to give if you don't mind me asking? Thanks!
I would avoid builder financing if possible. We had a lot of trouble finding a good construction loan, but we finally found HomeTrust bank and they have been WONDERFUL. We had a couple of flops before we found them and wasted some precious time that ended up going nowhere. The terms and process were a breeze and they've really made everything so easy for us. We worked with Lisa Hart, but I'm sure anyone over there would be great.
HomeTrust is awesome. Been using them for 15 yrs or so. Their turnover is the lowest of any bank I've ever used. All this time I may have used three tellers. The 1st loan woman retired yrs ago and the same person there since. They remember your name and will adjust int rates lower while you're drinking coffee over their desk. No one hundred signatures.
I don't have any suggestions but I was going to ask, why wouldn't you get a construction loan? We've built in the past before and that is what we did.
We have been planning to build for over 3 years. I have a builder lined up that is very reasonable in price and quality. Surprisingly, I can't buy for what he's able to build. Our biggest challenge has been trying to find a suitable piece of land. The topography around is very steep. We are looking for something mostly level which is making it even harder. In your price range, it maybe easier for you. Our budget is much lower.
I know how frustrating this process is... .looking, looking, looking. Driving around to see lots, etc, etc. I hope it works out for you. Good luck.
I don't have any suggestions but I was going to ask, why wouldn't you get a construction loan? We've built in the past before and that is what we did.
We have been planning to build for over 3 years. I have a builder lined up that is very reasonable in price and quality. Surprisingly, I can't buy for what he's able to build. Our biggest challenge has been trying to find a suitable piece of land. The topography around is very steep. We are looking for something mostly level which is making it even harder. In your price range, it maybe easier for you. Our budget is much lower.
I know how frustrating this process is... .looking, looking, looking. Driving around to see lots, etc, etc. I hope it works out for you. Good luck.
After talking to our realtor we assumed it would be impossible for us as we don't have 20% down.
After talking to our realtor we assumed it would be impossible for us as we don't have 20% down.
What size house are you trying to build? Type of house? If you lowered your budget, would you have enough to put down? Just throwing some things out there. Maybe some ideas will come up.
See what a bank and you can work out, not what a realtor thinks . Get squared away with your bank first.
Only took use most of 8 years with our limited free time around even knocking on doors and dealing with realtors to find some land to build our final home on that as nearly flat for 4 acres and I build homes ! It was not listed , found the owner thru tax info made contact and it worked for both of use .
What area are you looking to build in .
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Been using them for 15 yrs or so. Their turnover is the lowest of any bank I've ever used. All this time I may have used three tellers. The 1st loan woman retired yrs ago and the same person there since. They remember your name and will adjust int rates lower while you're drinking coffee over their desk. No one hundred signatures.
