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Updated over 9 years ago on . Most recent reply

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379
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123
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Ericka Parrott
  • Residential Real Estate Agent
  • Atlanta, GA
123
Votes |
379
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New Home Construction Question?

Ericka Parrott
  • Residential Real Estate Agent
  • Atlanta, GA
Posted

Does anyone know a lender that finances new home construction in GA?  What do you typically need?

Most Popular Reply

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672
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308
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Aristotle Kumpis
  • Real Estate Coach
  • Lake Forest, CA
308
Votes |
672
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Aristotle Kumpis
  • Real Estate Coach
  • Lake Forest, CA
Replied

If the property needs to be built, you'll have to get a construction loan first. Once the construction is completed, then you can roll that over into a conventional loan. 

The best thing to do is to find a local bank where the property is located at, and make sure they can do the construction loan. If they also can finance the property after the construction is completed, it makes it an easier process.

  • Aristotle Kumpis
  • Loading replies...