When does the construction loan term begin?
How do you know where to wire the funds?
Who does the borrower contact to request funds?
How quickly can the initial draw request get processed?
How much can the borrower get for start-up costs?
Will construction loans allow the borrower get reimbursed for pre-paid items?
What are hard costs?

What are soft costs of construction?
What are deposits?
How does the loan disbursement process work?
Is there a set schedule for requesting draws?
How does the borrower request a draw?
How will borrowers know if their draw request has been approved?

How long will it take for the borrower to receive the funds after the Draw Request has been made?
How many inspections are allowed and what is the cost?
Who does the inspections?
What is the Lender's Contingency Account?
What is the construction loan interest Reserve?
How are deposits for kit and modular home handled?

What does the borrower do if an extension of the construction loan term is needed?
Is there a fee if an extension is needed?
What is required to roll the construction loan to a permanent loan?

How is the Final Draw Request made?
If the borrower is an owner/ builder:
If the home was built using a general contractor:

Get Started on Your Construction Loan Now... Click Here!

> HOME

> Stated Income