A short-term loan used to finance the building or rehabilitation of a home.
This short-term loan lets you build a home according to your ideal blueprint. Discuss your goals and plans with an experienced lender who can tailor a solution to give you the financing and flexibility you need.
Benefits
- Adjustable and fixed-rate terms
- Ability to borrow up to 89.9% of the costs associated with building
Considerations
- Not backed by collateral, incurring higher risk
- More qualification requirements