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Step 4: Arrange Financing

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financing home construction

After you finalize the contract negotiations with a builder, your 4th step in the home building process is to arrange financing.

You will need two types of financial arrangements. First, you will need a home construction line (with funds deposited into the account by the lender) to pay for materials and sub-contractor help through the construction phase.

Second, you will need to arrange for a residential mortgage to pay off the construction line once the project has been completed.

For more information:

  1. about home construction financing
  2. getting yourself qualified
  3. about escrow payments
  4. about submitting your application

  5. APPLY NOW!


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