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Land & New Construction

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Claudia Fernandez
  • Investor
  • Linden, NJ
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Construction Loan in NJ

Claudia Fernandez
  • Investor
  • Linden, NJ
Posted Apr 19 2016, 17:42

Looking for a loan to finance the construction of an owner occupied home. I have access to a decent size lot so I figured I would try to build since I can't find anything on the market that I love. My mortgage rep said the Construction loan wouldn't provide payment until after the work is done. They will provide upfront costs but thats it. Anyone know if there are loans that will give you the money upfront so you can pay the builder as the project comes along?

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