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Shopping for Construction Loans...

Frequent Contributor

Shopping for Construction Loans...

Can anyone recommend some reputable companies for construction loans? With my credit scores would I be better off going with a national company vs a local one? What are some things to look out for before choosing a company?

Current Score: FICO EQ670-TU680-EX700
Wallet: Cap One Rew. $3500, Cap One QS $2500, Barclay $2650, Old Navy Visa $3000, QS-2 $2500, Credit One $2500, BoA $5000, Chase Freedom $3000, Slate $3000, Wal-Mart Discover $3000-STORE CARDS: Amazon $3500, Lowes $2000, Kay's $7600
1 REPLY
Moderator Emeritus

Re: Shopping for Construction Loans...

Your best bet is going to be a 203k FHA loan... or 203k VA loan if you're a veteran... 

 

The best advice that I can give would be to get 3-4 estimates from different lenders.  If you need the name and contact info of a lady that I used on an FHA streamline, I can forward you her information... She specializes in govt loan programs.

 

Best of luck to you!


Starting Score: 08/29/2011 TU 671 EQ 674
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