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best construction loans

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  1. – Your Arvest representative can go over the details and help you determine if a construction loan is the best option for building your new home.

    Where to find home construction loans. To begin the process of applying and qualifying for a construction loan, talk to your bank. Most construction loans are issued by banks rather than mortgage companies, as the bank will hold onto the loan until the project is complete.

    Construction loans are typically short term with a maximum of one year and have variable rates that move up and down with the prime rate. The rates on this type of loan are higher than rates on.

    Buying a new construction home can involve lots of exciting choices and unique opportunities. When you’re ready to buy, compare home loan options and navigate the financing process with a Wells Fargo home mortgage consultant who specializes in financing for newly constructed homes.