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What is a construction loan and how is it structured?

April 26, 2017Construction loan structured

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What is a construction loan and how is it structured?

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Yes, We offer a number of construction to permanent financing programs. Programs will vary with each individual lender we work with. Typically, a construction loan is an interim loan secured by the property on which a dwelling is being constructed. The funds are usually dispersed throughout the construction period and replaced with permanent financing once the construction is completed. You may also choose to utilize separate lenders for the construction financing and the permanent financing.