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Deciding on the perfect home to purchase for your family can be overwhelming. If you can’t find the right home for you, a construction loan could be the best option. At ENG Lending, we offer construction loans for borrowers who qualify for Conventional, FHA, VA, and USDA loans. We offer construction loans to borrowers who already have their own lot, or who are purchasing a lot at the time of construction of their new home.
Benefits of a new Construction Loan
- 640 Minimum credit score
- Debt ratios up to 50%
- Land may be gifted to borrower
- Builder can credit up to 6% to cover closing costs
Speak to an agent today to qualify for a construction loan by calling 855-900-8732 or Click here to get started.