Step5: About Home Construction Financing

about home building step 5
Step 5 is about getting financing
once you finalize the contract negotiations with a builder.


First, you will need a home construction line (with funds deposited into the account by the lender) to pay for materials and sub-contractor help through the construction phase.

Second, you will need to arrange for a residential mortgage to pay off the construction line once the project has been completed.

when you are ready to make your lending decision, use these helpful tools:

download and print our 1-page home building map. It summarizes the home construction step-by-step process:

another helpful reference for future use or to share with friends is our rolodex file. It references 5 keys areas of any home construction project for quick access and help: