– Arvest also offers construction loans, conventional loans, rural development loans and more. To learn more about Arvest Bank and how we can help you buy your next home, call our mortgage professionals at (800) 232-5524, begin your application online or download the Arvest home4me mobile app.
New home financing made simple. Building a new home is a major project with many considerations. The location, lot size, design, materials, and choice of builder are just some of the important decisions to make-not mention what it will cost and how you will pay for it.
How to Use Land As Equity for a Construction Loan – Budgeting Money – You can use the land on which you plan to build your dream house as equity for a construction loan, but make sure the property is free of title.
An FHA One Time Close Construction Loan is an all in one loan that allows you to get a construction loan and a permanent loan all wrapped into one loan. This is a huge advantage given the fact that most construction loans to build a home require two closings. So you will save time and money by doing a 1-time close. The Way FHA Construction Loan.