Construction Loan Mechanics
Banks issue construction funds in stages called 'draws' as milestones are completed and verified by independent bank inspectors.
Prequalification Requirements
Financing custom builds requires signed builder contracts, detail logs, site plot plans, and builder warranty documents.
Have Questions About This Topic?
Shane and Stormie Hines can help analyze your property, check septic layouts, or review construction plans. Let's start the conversation.
Discuss Your Plan With Shane & StormiePlanning Checklist
- ✓ Obtain bank pre-approval bounds
- ✓ Establish draw milestones outline
- ✓ Allocate 10% contingency cash pool
- ✓ Obtain builder liability certificate