David McMillin writes about credit cards, mortgages, banking, taxes and travel. Based in Chicago, he writes with one objective in mind: Help readers figure out how to save more and stress less. He is ...

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+.

Your funds will be disbursed in chunks—called draws—as your home’s build progresses Written By Written by Contributor, Buy Side Aly J. Yale is a contributor at Buy Side and an expert on real estate, ...

Construction loans are short-term loans that you can use to build a new home. Some construction loans can be converted to mortgages after your home is finished. Construction loans typically have ...

Reliant Home Funding Inc. is the top choice among other owner-builder construction loans. Building your own home can be exciting. You’ll get to customize your design, pick your features and create ...

Throughout 2023, there were a lot of tough headlines about commercial real estate: Vacant offices. Falling apartment rents. Fire-sale prices. So why did banks’ loans to that market grow this year?

A construction loan provides short-term financing for building a new home or renovating an existing home you’re purchasing. Loan terms are usually 12 to 18 months, during which time you make ...

A construction-to-permanent loan finances the construction of a house, then converts to a mortgage on completion. Construction-to-permanent loans only require one round of closing costs compared to ...

A recent report from a regular Federal Reserve survey of senior loan officers may have struck a note of encouragement for local and regional private homebuilders. The report indicates a positive ...

VA construction loans are designed to benefit active-duty U.S. military service members and veterans. Eligible borrowers may be able to build a new home without a down payment, but there are strict ...

No one has handed out more U.S. construction loans over the past year and a half than a midsized bank in Little Rock, Arkansas. In fact, no entity is even close. “We're getting a much larger share of ...