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The lowdown on construction loans

When an ordinary home just won't do and none of the builder floor plans suit your style, what do you do? Build. Find a piece of land, hire an architect to design your dream home and get going. But don't expect to get just any financing to underwrite the land purchase and house construction.

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Building your dream home
How to buy a plot of land
Clearing the path to a land purchase.
 
Do-it-yourself loans for customized homes
Before you draw up a blueprint, first understand how construction loans work.
 
Construction loan FAQs
Financing a construction loan can be tricky. Get the total picture from our financial experts as they answer the most frequently asked questions about these loans.
 
 
 
 
See Also
What's your mortgage grade?
Tips for getting loans for land
Top 10 mistakes home buyers make

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National Mortgage Rates
OVERNIGHT AVERAGES
Rates may include points.
30 yr fixed mtg 3.89%
15 yr fixed mtg 3.21%
5/1 jumbo ARM 3.21%



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-- Posted: May 15, 2002
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