types of construction loans

Contents

  1. ed Rainwater; water budget; energy. Heating and Cooling. solar hot water, Heating and cooling systems; energy recovery ventilator; programmable thermostat; ground source heat exchange; gas Water Heating; Ductwork; Radiant Barrier; Ridge and Soffit venting; fans; passive solar design; Earth Sheltered DesignAn excellent credit score and sizable down payment are requisites for construction loans, but before an individual’s loan is approved, the builder is also subject to background and credit checks. Comparing various forms of financing illustrates key differences between construction loans and other types of property loans.

    What Are Construction Loans? When you buy a house, you secure a mortgage loan.But when you build a house, you will likely have to take out a more specific type of loan called a construction loan.Unlike mortgage loans that are often for a 30-year duration, construction loans are shorter-term.

    Types of Commercial Real Estate

    Posted in: Construction Mortgage