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Construction Loans Made Simple
Construction loan
not like a traditional mortgage-style loan
are short-term loans that range from a few months to a few years
construction loans are to cover the construction of your property
SFR Ventures, Inc.
specialize in construction loans in the San Francisco Bay Area
Construction loan requirements for California
vary from lender to lender
in the San Francisco Bay Area, the time period is usually around six to twelve months
Things to consider:
• what type of house you plan to build
• Understanding and obtaining the right construction loan amount to cover the
completion of your project
Things to consider:
• How you are going to repay the loan when it becomes due
• Demonstrate your ability to repay the loan
You can use land or other real estate as equity to find out just how much your
construction loan lender will approve for your project
Estimating construction costs
• One of the challenges
• Hire a qualified and trustworthy contractor
can walk you through the process and help you break down budget and
construction costs for the entire project
Funds
• Collateral and demonstrating your ability to repay the loan are more important when you
apply
Construction loans aren’t based on credit scored alone
• Once you have been approved, the funds are paid throughout the construction of the
project
• The funds are distributed based on an agreed timeframe
SFR Ventures, Inc.
• is located and headquartered in Northern California
• We lend throughout the state.
http://reiloanpro.co

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Construction Loans Made Simple

  • 2. Construction loan not like a traditional mortgage-style loan are short-term loans that range from a few months to a few years construction loans are to cover the construction of your property
  • 3. SFR Ventures, Inc. specialize in construction loans in the San Francisco Bay Area
  • 4. Construction loan requirements for California vary from lender to lender in the San Francisco Bay Area, the time period is usually around six to twelve months
  • 5. Things to consider: • what type of house you plan to build • Understanding and obtaining the right construction loan amount to cover the completion of your project
  • 6. Things to consider: • How you are going to repay the loan when it becomes due • Demonstrate your ability to repay the loan You can use land or other real estate as equity to find out just how much your construction loan lender will approve for your project
  • 7. Estimating construction costs • One of the challenges • Hire a qualified and trustworthy contractor can walk you through the process and help you break down budget and construction costs for the entire project
  • 8. Funds • Collateral and demonstrating your ability to repay the loan are more important when you apply
  • 9. Construction loans aren’t based on credit scored alone • Once you have been approved, the funds are paid throughout the construction of the project • The funds are distributed based on an agreed timeframe
  • 10. SFR Ventures, Inc. • is located and headquartered in Northern California • We lend throughout the state.