Hi. We want to build a home. Is there any possible way that we could get a construction loan to build a house if my company is new but has made over 1 million? And I receive a salary from it that is 6 figures for the last 6 months?
If not. Is it possible for my llc to get the loan? Thanks
First just talk a lender about the Permanent loan. If you can get this, the. The construction loan should be easy. You won’t get a construction loan unless you’re approved for the permanent loan. While you have good income, they usually want to see at least two years of it.
Ok. Thank you!