David McMillin writes about credit cards, mortgages, banking, taxes and travel. Based in Chicago, he writes with one objective in mind: Help readers figure out how to save more and stress less. He is ...

Your funds will be disbursed in chunks—called draws—as your home’s build progresses Written By Written by Contributor, Buy Side Aly J. Yale is a contributor at Buy Side and an expert on real estate, ...

It's finally happening! After months — maybe even years — of dreaming, planning, and saving for a down payment, it's time to start building your dream home. Before getting started, you'll need to ...

Construction loans fund new builds; borrowers pay interest only on funds drawn. Two loan types: standalone (pay on completion) and construction-to-permanent (converts to mortgage). Alternatives ...

An FHA construction loan is a type of FHA loan that covers the cost of building a home, including the land or lot purchase, building materials and labor. There are two types of FHA construction loans: ...

Service members or veterans considering building a dream home have an additional funding opportunity. A Veterans Affairs (VA) construction loan has some of the same benefits as VA mortgages but allows ...

Reliant Home Funding Inc. is the top choice among other owner-builder construction loans. Building your own home can be exciting. You’ll get to customize your design, pick your features and create ...

For many homebuyers, it’s the realization of a dream: a house in the country, with acreage and distant neighbors. But the imbalance of home value to land value can make finding a mortgage challenging.

Construction loans are short-term loans that you can use to build a new home. Some construction loans can be converted to mortgages after your home is finished. Construction loans typically have ...