Construction loans are short-term loans specifically designed to finance the cost to build a home. They typically have terms of 12 months or less, strict approval conditions and require a detailed ...

Construction loans are short-term, varied-interest-rate mortgages granted to finance the construction of a new home or the renovation of an existing property. Construction loans do not apply to new ...

Loan balances for 1-4 family construction grew to $91.2 billion in the third quarter, registering the first annual increase ...

An FHA construction loan is a type of FHA loan that covers the cost of building a home, including the land or lot purchase, building materials and labor. There are two types of FHA construction loans: ...

If you'd rather build a home than buy one, and plan on borrowing to do so, your lender might steer you toward a construction loan. This would allow you to finance the building of the home; and once it ...

A construction loan can help you finance the building of a new home on land you’ve already purchased. Depending on the situation, you may opt for a construction-only loan, a construction-to-permanent ...

David McMillin writes about credit cards, mortgages, banking, taxes and travel. Based in Chicago, he writes with one objective in mind: Help readers figure out how to save more and stress less. He is ...