Thinking of building a new house? In many ways, the loan process for building a home is the same as buying an existing home.
But in many ways, securing a construction loan is different, and that’s where Buyer’s Title’s experience comes in. Construction loans are like a line of credit, available to you as you purchase the property and build your new home. When your home is complete, the loan converts to a mortgage not unlike the mortgage you’d get if you purchased an already-built home.
Throughout the process, though, you’ll be required to submit extra documentation such as the land contract, builder contract, and the house plans and specs.
We’ve been guiding clients through the construction loan process since we were founded in 2001. We’ll make sure you never miss a deadline and that all the paperwork is in order and filed correctly. The process may be new to you – but it’s not new to us!
