BUILDING WITH US
How to Get Started on Your Construction Loan
You Need The Following for a Construction Loan
- Cover letter explaining the project
- A completed loan application
- Plans and specs description of materials
Builder contract w/ Cost Breakdown. Owner builder requires bids from sub-contractors and or material suppliers
- Appraisal
- Pre-approval on permanent loan*
*Pre-approval is not a commitment to lend. It is based on a borrower’s current credit profile and is predicated on the borrower’s financial condition, including credit score, which should not change during construction. The condition of the current market, ex. interest rates, can change during construction that negatively impacts borrower qualification.
BUILDING WITH US
7 Steps of a Construction Loan
HOW IT WORKS
Buying With Us
NHLC works with our clients to find the right loan for their borrowing needs. Our personalized approach to client and builder service has helped us obtain most of our accounts through referrals by satisfied customers.
You Need The Following for a Home Loan
- Your Credit History
- The Loan Application
- Your Tax Returns
Down Payment
