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Updated 6 months ago on . Most recent reply

User Stats

163
Posts
57
Votes
Steven Barr
  • Atlanta, GA
57
Votes |
163
Posts

Construction loan for primary home

Steven Barr
  • Atlanta, GA
Posted

I am looking to get some type of construction to perm loan to build a primary house for myself 

However, I’d like to get a loan that allows as little % down as possible and allows me to be the builder. I am not a licensed GC but I have experience building spec homes that I could show a bank 

Fine paying a higher interest rate on the construction period of the loan, but would like to be more in line with traditional mortgages rates on the perm portion (although fine paying slightly higher if I avoid closing costs for a second loan)

Do y’all have any recommendations on specific types of loans for this or specific banks I should talk to?

Thanks!

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