re: Looking to build a new home and looking for some advice on how to go about it

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January 2022 I selected a contractor, who had to update thier cost. Reached out to some of the banks around town to get ideas on constructions loans. Decided to go with Hancock construction to permanent. It's a one time close and I was able to lock in at 5%. I'll have the option to "float down" (doubtful) when construction is complete. 1st thing they did was pay off the remainder of my lot loan. Broke ground Jun 1st. Hoping to be completed by end of March.

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We did a very similar thing. Locked in sub 5% in March 2022, one time close with Hancock, broke ground in May 2022 and moved in Dec 23rd 2022. Going through loan modification now. I wouldn’t count on being able to float your loan down though.