Can I be pre-qualified for a construction loan?

Most banks and mortgage brokers are set up to pre-qualify people for construction loans. This is a simple process and tells you from the beginning stage what your spending goals ought to be. This should be the first step for anyone considering building a new home.

If you're buying property at the same time you are thinking about building, combine them into one loan. This will prevent you from having to close on the property twice, one when you buy it and again when you get your construction loan.

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