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Updated over 3 years ago on .

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Jaskaran Singh
  • Fort Worth, TX
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New Construction Guidance

Jaskaran Singh
  • Fort Worth, TX
Posted

Hi guys, I’m trying to get into a new construction build and this would be my first one. I have a land I’m looking to build on and I’m working towards acquiring it with this lender I have found.

Lender rates:

3 points

4.99% interest every month(12th of that which I will owe)

Interest increases by .5% every month

This is a 12 month loan

They cover 75% of land cost and 100% construction cost.

So this is what I have so far. If you have anything you’d like me to look out for or steer clear off please let me know. Any advice is welcome, thank you!