Banks typically finance new-home construction with a construction-to-permanent loan that buyers treat like a line of credit, making draws on the loan as the builder finishes various parts of the house. Once construction ... More » Business & Finance Credit & Lending

To get a construction loan, approach a lender with detailed plans of the building, construction schedule and realistic budget, states Bankrate. The lender is also likely to ask for a greater down payment and charge highe... More » Business & Finance Credit & Lending

When it comes to home loans, first-time home buyers should know that their credit scores and monthly cash flow are crucial factors and that mortgage lenders require income and tax documents, including two recent pay stub... More » Business & Finance Credit & Lending

A Federal Housing Administration (FHA) loan is a form of financing for home buyers. There are guidelines and requirements in order to qualify for this type of financing. More »

A good faith estimate in the home lending industry provides all financing costs and payment terms of a mortgage loan, as explained by the Consumer Finance Protection Bureau. The estimations include all costs associated w... More » Business & Finance Credit & Lending

An RD loan, also known as the Rural Development Loan or a USDA loan, is a home loan program insured by the government that allows buyers to purchase a house with no down payment. The RD loan provides qualified buyers wit... More » Business & Finance Credit & Lending

An FHA 203k loan is a loan that enables homeowners and buyers to take out money for the home along with the amount needed for any repairs or renovations, as stated by the Department of Housing and Urban Development. This... More » Business & Finance Credit & Lending