Do you own land and have dreams of building your own piece of heaven? If you are building a new primary or vacation home in NC or SC, then check out these construction options. A construction perm combo loan can be used when a borrower owns land already. The most popular options include VA construction perm, USDA construction perm, and FHA construction perm. Additionally land may often be purchased through the construction loan closing.
As a builder, using your own funds for construction restricts the number of houses you can build. Plus think of how many customers you have to turn away because they don’t have 20-25% down payment? So imagine having access to borrower construction financing up to 100%! It frees up your funds and allows you to build more homes. The builder approval process is streamlined and can often be approved within 2 – 3 days of submission.
Team Move lends in areas such as Wilmington, Leland, Hampstead, Jacksonville, Whiteville, Shallotte, Southport, Elizabethtown, Lumberton, Fayetteville, Rockingham, Raleigh, Garner, Smithfield, Clayton, Goldsboro, Charlotte, Greensboro, Winston-Salem, Durham, Chapel Hill, Burgaw, Castle Hayne, Holden Beach, Supply, Ocean Isle Beach, Sunset Beach, Hubert, Tabor City, Carolina Beach, Kure Beach, Laurinburg, Topsail Beach, North Topsail Beach, Surf City, Sneads Ferry, Richlands, Wrightsville Beach, New Bern, Oak Island, Saint James, Wallace, as well as the rest of NC. North Myrtle Beach, Myrtle Beach, Conway, Loris, Little River, Longs, as well as the rest of SC and Virginia