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Updated 4 months ago,
Construction to Perm Loan Products
I'm posting in hopes of finding a lender that has a great construction to perm product. I want to begin the process of creating the framework to have my personal home built in/near the Atlanta area. At present, I haven't purchased any land yet.
It's important for me to know the first steps I need to take to be approved etc. I have a mortgaged Duplex, with one side cash flowing with short term stays and I live on the other side. However, I'm outgrowing my space so its time for me to get serious about building a home.
I've seen where the construction to perm down payment ranges from 5% to 20%. I already have a Builder/GC. The house plan is a work in progress. Nevertheless, any recommendations are appreciated and I'll also due my due diligence. Thanks everyone!