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Construction loans provide funding based on the stage of your new home build. Most lenders require money up front to pay for land or some construction expenses. Because the collateral for a construction home is an unfinished home, it has a lower value than a finished home, so construction loans are riskier for lenders and therefore are higher-interest short term loans.
The application process is different from a traditional mortgage or loan but we can help you secure the financing for your building project.
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