The factors affecting loan approval for construction loans are similar to other loan types, aside from a few additional unique factors. Like other loan types, construction loans depend on:
For construction loans lenders will also look at the following factors:
A lot could be said of each of these points. There are thousands of combinations amongst the factors since each construction project is different, if ever so slightly, from other construction projects. Our calculator quickly finds the best loan options for your construction loan. It allows you to change scenarios by moving sliders without the need to start all over again. You can update the calculations on the fly depending on various circumstances such as:
Unlimited options can be explored and then submitted for actual approval to lenders without having to enter your Social Security Number or other confidential information.
Big banks will finance construction only on big loans, while private investors are happy to fund hard money construction loans through mortgage brokers. You will benefit from the exposure to a large network of hard money brokers and lenders specializing in construction loans.
Our calculator quickly tells you your chances to get a construction loan. It also answers the following questions:
Enter your ZIP Code in the field below and in 5 or less minutes you will find the answers specifically to your scenario. You can then present your scenario to qualified lenders for actual quotes:
Finding the best possible loan has never been simpler. With out quick, secure and simple
form you can get started instantly in securing the loan you need.
Finding the best possible loan has never been simpler.
With out quick, secure and simple form you can
get started instantly in securing the loan you need.
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