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New Construction Loan (guidance)
Posted on 8/14/24 at 5:18 pm
Posted on 8/14/24 at 5:18 pm
First time to build... What I think we are looking for, but am hoping for some guidance... Close to Perm with 30yr Fixed Rate after construction is complete.
Trying to stay away from anything with a 5yr fixed rate that changes, etc...
Thanks for the help!
Trying to stay away from anything with a 5yr fixed rate that changes, etc...
Thanks for the help!
This post was edited on 8/14/24 at 5:25 pm
2
Posted on 8/14/24 at 6:22 pm to ToldYouSo1
Beauregard federal credit union is who we went through a few years back and it was a very good experience as far as the loan process
The building process was a different story
All I will say is I have known a bunch of people to build houses and I don’t know that any of them ended up UNDER budget so keep that in mind
The building process was a different story
All I will say is I have known a bunch of people to build houses and I don’t know that any of them ended up UNDER budget so keep that in mind
Posted on 8/15/24 at 6:06 am to ToldYouSo1
We used Whitney. They had at the time a construction rate that just rolled over to perm when you finished. We built at the right time for intrest rates, but the bad time for construction costs.
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