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re: Price of Building a House
Posted on 8/28/18 at 2:19 pm to Tiger Attorney
Posted on 8/28/18 at 2:19 pm to Tiger Attorney
i cant speak to construction cost but i do construction loans monthly. You need to find a lender that does a one time close product. That way you don't pay closing twice. The way we structure these loans is we take lot value plus cost to construct to get cost to build. Since you own the lot free and clear the equity in that lot can be used for down payment and closing cost. Financing a construction loan is alot more work than any other home loan transaction. you can email me at edhawk75@gmail.com and i can explain in detail if you want.
This post was edited on 8/28/18 at 2:36 pm
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