Construction financing comes in various forms but basically allows the buyer to pay for the lot and construction costs with one loan. The bank will allow the builder to make “draws” on the loan according to a draw schedule when certain building thresholds are met. In order to give a construction loan, the lender will want to do an appraisal of the finished new house in today’s market. In order to do the appraisal, the appraiser needs to see the design, floor plans, features and specifications.

Some people truly enjoy the process of designing and building their home and most love living in the home that they have customized for themselves. If you haven’t figured it out already, building a custom home requires lots of work. We do those for you