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Construction & Renovation Loans – From Blueprints to Reality 🛠️
Ready to build your dream home or update your current one? Construction & Renovation Loans provide flexible financing options to bring your vision to life.
Let’s Bring Your Dream Home to Life! 🏡
With Construction & Renovation Loans, you have the power to build or remodel your home to your specifications. Rob Slayton at Geneva Financial can help you navigate the details, from financing new builds to updating your current home.
Get started with your construction journey – fill out the form for expert guidance!
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Construction & Renovation Loans – Financing for Your Building Goals
Construction & Renovation Loans provide flexible financing to build new or renovate existing properties. Here’s what you need to know.
What is a Construction Loan?
A Construction Loan provides short-term financing for building a new home. Once completed, it can convert to a traditional mortgage.
Are there options for renovation projects?
Yes, Renovation Loans are available for remodeling or updating existing homes, covering expenses like repairs, additions, or improvements.
How is the loan disbursed during construction?
Funds are typically disbursed in stages, known as draws, as the construction progresses to completion milestones.
What’s the down payment requirement for Construction Loans?
Down payment requirements vary, but they’re usually higher than traditional loans, often between 20% to 30%.
Can I refinance into a permanent mortgage?
Yes, many Construction Loans offer a conversion feature that allows you to refinance into a permanent mortgage once the build is complete.
