Service members or veterans considering building a dream home have an additional funding opportunity. A Veterans Affairs (VA) construction loan has some of the same benefits as VA mortgages but allows ...

Construction loans are short-term, interest-only loans used to build on undeveloped land. Qualification for FHA construction loans requires a 3.5% to 10% downpayment and a credit score of 500+.

A construction loan can help you finance the building of a new home on land you’ve already purchased. Depending on the situation, you may opt for a construction-only loan, a construction-to-permanent ...

Why we like itNew American Funding offers a large menu of loan products, as well as programs like first-time home buyer assistance, but personalized mortgage rates aren't available on its website.

A construction loan provides short-term financing for building a new home or renovating an existing home you’re purchasing. Loan terms are usually 12 to 18 months, during which time you make ...

We independently evaluate all of our recommendations. If you click on links we provide, we may receive compensation. Lars Peterson joined Investopedia in 2023 as a senior editor of financial product ...

For many homebuyers, it’s the realization of a dream: a house in the country, with acreage and distant neighbors. But the imbalance of home value to land value can make finding a mortgage challenging.

If you need to borrow money to buy a home that's already on the market, you can usually depend on a mortgage to help. But what happens if you need a loan for a house that only exists in your mind?