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Jerry's Blog

Useful Articles to Help You Make an Informed Decision
How New Homes are Appraised

New Construction Appraisals

How do you appraise a home that isn’t built yet? The answer is, plans and specs. The appraiser will be given a copy of the legal description for your land, so they will know where you’re building. But instead of being able to inspect an existing home, they will be given the plans for the home and the...
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Single or Two Time Close?

Single or Two Time Close? The Two Time Close There use to be a time, many years ago, that if you wanted to borrow money to build a home you had to get a construction loan. Once the home was completed you had to refinance that construction loan into your end or permanent financing. You...
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pole barn

Unique Homes

Unique Homes Pole barn homes, container homes, mixed use, geodesic domes, Quonset hut homes, 2-4 units or more, I’ve had calls about all kinds of building types. Unfortunately you can’t use a standard 1x Close Construction to Perm loan for any of these. The program exists to help build homes that are mainstream, not unique...
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Who’s In Charge of Your Construction Loan?

Work with a loan officer that is experienced in construction lending. Any loan officer should be able refinance your current loan or get you a simple purchase mortgage, but getting a construction loan is much more complex. The more construction loan experience your loan officer has, the quicker you can close and start building. If...
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