Flood zone and utilities from the county record go into a construction loan.

{{contact.first_name}}, the flood zone and utilities on a {{target_area}} lot, which I pull from the county record, feed straight into a construction loan, so talk to a construction lender before you tour lots.

The reason is that how you finance the build changes how you buy the land. There are two common structures:

  • One-time close. One loan covers the lot and the construction, and it closes before the build starts.
  • Draws. Money is released to the builder in stages as work is finished, so you usually need cash or a separate lot loan first.

Neither one is better for everybody. Your lender will tell you which one fits your numbers, and the answer sets your down payment, your timeline and which lots make sense. I am not a lender and I do not give financial advice. I can tell you which questions to ask.

I know lenders who do construction loans in {{target_area}}. If you do not have one yet, I will introduce you to one or two. You are never required to use them.

Want an introduction? Reply with the word lender and I will set it up.

Or click here to reply: lender

Jacob

Builder Connect Group Jacob Dow
Builder Connect Group | CB&A, Realtors
(346) 273-1143
jacob@builderconnect.net

Builder Connect represents you, the buyer. The builder pays Builder Connect's fee, and going direct to the builder does not lower your price.

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