Saturday, March 11, 2017

End User Construction Loans

Posted by Timmy

End user construction loans offer funding to people seeking to finance the building of a new home from start to finish.  However, this sort of loan is meant for people who intend to move into the home, not just speculators looking to sale the home immediately for profit.  This sort of mortgage product can offer people the flexibility to get the money they need to buy property and construct a new loan. Unfortunately, many banks do not offer these loans.  

We suspect that the crippling regulations of Dodd-Frank may have some role in this reluctance.  Hopefully, the new administration can dispense with the red tape and give people and investors access to the capital they need to build.  Low mortgage rates coupled with this flexible finance product can seriously help our housing market and by extension the economy as a whole.


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