The best way to go about getting a construction loan is to shop around. You can do this via your favorite search engine or through a bank or credit union. This allows you to take your time assessing your options and making sure you are not snagging the lowball. If you are lucky you might be rewarded with a good rate and a smooth process. If you aren’t lucky you might get stuck chasing down an under-qualified lender.
There are many construction loan lenders out there. The best ones are located in the aforementioned states, and some have been around for years. Most of the best ones offer a free quote and you can even apply online. Those that require a personal check or your own cash will typically ask for a few months worth of pay stubs and tax returns in exchange for the loan. Those that don’t are typically more forgiving. Getting your hands on a loan is no fun if you can’t make payments. The best lenders will make it easy for you to get your dream home on time and on budget. If you are fortunate enough to find one of these companies in your neighborhood you will have a leg up on the competition.
The best construction loan lenders will make your life easier. The best ones will be the most flexible and willing to bet on you.
