Plus, you can refinance to a fixed loan after completion. Other Construction Loan Features Lot Loan Options Our lot loan product is designed to provide short-term financing, so you can purchase land on which you intend to build a home.
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What are Construction Loan appraisals? property appraisals for use in conjunction with home construction loans are completed using a set of building plans, a specification list or spec list, the cost breakdown, a site inspection and plenty of research.