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Blog :: 07-2020

New Hampshire Real Estate Blog

The best resource for information about real estate, our local area, and current topics that impact you.

Read for household tips, tricks, home improvement, buying/selling tips, DIY, and so much more!

How to Build a New House With A Standard Mortgage

Real Estate Blog - How to Build a New House With a Traditional Mortgage

 

Most people fall victim to the belief that you can't build a house without the ability to obtain a construction loan, or without having deep pockets. However, there is a way! When you stumble across a builder who "finances" their own builds, this makes it all possible! This means that you can actually build a brand new home when you are using traditional financing such as USDA, FHA, VA, or Conventional loans...

 

Construction Loans vs. Mortgage Loans - What's the Difference?

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When it comes to building a house, most people assume that you need to have deep pockets to obtain a construction loan. They're not wrong to assume that, as most builders do require cash installments, or a form of construction financing from a lender. Construction loans are available to anyone who meets the qualifying eligibility requirements.

So what is a construction loan, and how are they different from typical mortgage loans?...

 

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