An expert Q&A on key points in construction contracts and loan documents that must align to avoid disputes, funding delays, and defaults.
This type of mortgage lets you pay for a home and renovations with a single loan.
Construction loans are short-term, interest-only loans used to build on undeveloped land. Qualification for FHA construction loans requires a 3.5% to 10% downpayment and a credit score of 500+.
Because construction loans generally are intended to cover the building process, they’re typically issued for a period of 12 to 18 months. That said, some loans automatically convert into a permanent ...
Buying a home is the American dream for many, but it can seem like a huge hurdle if you don’t have decent credit. After all, conventional lenders often require a minimum credit score of 620 to qualify ...
Federal Housing Administration (FHA) loans are a popular choice for first-time homebuyers and other borrowers who, for a variety of reasons, may have a hard time qualifying for a conventional home ...
Business loans typically have higher funding amounts and better rates, but newer business might not qualify ...
FHA loan requirements: FHA loans explained Federal Housing Administration (FHA) loans are a popular choice for first-time homebuyers and other borrowers who, for a variety of reasons, may have a hard ...