New construction loans help people build and remodel a home from the ground up. These loans cover the costs of building a home from scratch, but can also encapsulate remodeling if it’s extensive.
Typically, self-build loans will cover:
A new construction loan is a type of home construction loan. There are several different subtypes as well, including:
Your lender will also likely want more information about the project itself and your plans for the home.
New construction loans are a great way to finance new construction, but make sure you talk to an expert and consider the pros and cons before committing.
If you’re a real estate investor looking for a way to finance new construction, Gauntlet Funding has your back. With over 20 years of experience funding various fix and flip projects, our team has the knowledge and expertise to help you get the financing you need fast.