Construction Loan Requirements 2025 - HOW To Build Your OWN House!

Описание: Looking to build your dream home in 2025? In this video, Nicole breaks down construction loans, the key financing tool for building your own house. You'll learn exactly what construction loans are and how their unique draw and interest-only payment structures work. Nicole explains the different types of construction loans available, including construction-to-permanent and construction-only options, so that you can choose the best fit for your project. Whether you're an aspiring owner-builder or plan to hire a contractor, Nicole also covers crucial loan requirements, credit scores, and the vital construction plan and budget, so that you can confidently navigate the financial side of building in 2025.

BUILDING Resources:
⚒️ Build Budget Generator → https://bit.ly/BuildBudgetMaker
⚒️ Building Expense Tracker → https://bit.ly/BuildExpenseTracker
⚒️ Rental Deal Analyzer → https://bit.ly/RentalAnalyzer

Ready to get started on your own BUILD? Don't miss my video breaking down everything you need to know about BUDGETING! →    • Our $300,000 Duplex Build - Full Construct...  

Chapters:
0:00 - Intro
0:38 - What is a construction loan?
1:21 - What can the loan be used for?
2:05 - How construction loans work
2:51 - Explaining construction loan draws
6:10 - Loan inspection process
6:41 - Types of construction loans
6:50 - Construction to permanent loans
8:11 - Construction only loans
9:51 - Owner builder loans
11:42 - Requirements for owner builder loans
12:40 - Interest rates
14:30 - Construction loan qualifications
16:08 - Using land as a down payment
18:24 - Construction loan appraisal
19:04 - Outro

FREE Resources:
✅Get connected with an AGENT in your city → https://homeandmoney.com/nicole/
✅Check Your Home Value → https://narkhomes.com/home-value/

Work with Nicole:
📩 Contact Nicole → https://narkhomes.com/contact/

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— DISCLAIMER —
Nicole Nark is a licensed Realtor and the Principal Broker (PB00083374) of HomeWay Realty. HomeWay Realty is not a lender, does not issue loan qualifications, and does not extend credit of any kind. The topics discussed, and ideas presented are Nicole Nark's opinions and presented for entertainment purposes only. The information presented should not be construed as financial or legal advice. Always do your own due diligence. This video description contains affiliate links which means Nicole may earn a commission if you click on a link and make a purchase.