ARTICLES

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 ...

www.reference.com/article/new-home-construction-loan-financing-ce16cf77a4cb38fd

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...

www.reference.com/article/construction-loan-6aa8b1912fb3e7e9

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...

www.reference.com/article/should-first-time-buyers-new-home-loans-c912dc98dd6442d2

SIMILAR ARTICLES

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.

www.reference.com/article/financing-home-fha-loan-2fe81a1ac1e7a9bb

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...

www.reference.com/article/good-faith-estimate-b565cd2ac9249ac5

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...

www.reference.com/article/fha-203k-loan-9b94a8fdbcc42fb3

A Federal Housing Administration 203k loan is for buyers who desire to purchase a fixer-upper home with the intention of making repairs to it, according to Zillow. Loans are backed by the federal government and provide b...

www.reference.com/article/203k-loan-17f4d69b4c692b15