Buying land or constructing a new home offers exciting opportunities for customization and investment, but the mortgage process differs from traditional home loans. Lenders often have stricter requirements for land and new construction financing, so understanding your options, planning ahead, and working closely with a mortgage professional is essential. By knowing what to expect, you can navigate this process smoothly and secure the financing needed to bring your vision to life.
5 Important Questions to Ask When Buying New Construction
Buying a new home is exciting. Buying a brand new home can be even more so with the realization of being the first owner and possibly being able to choose your own layout and finishes. The prospect of owning new construction is definitely exciting, but it doesn’t come without its own set of questions.
