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Five Choices That Can Change Your Custom Home Construction Budget
Five Choices That Can Change Your Custom Home Construction Budget A builder’s estimate is more than the total at the bottom of the page. The materials and finishes included in each line item determine what that total will buy. Before you settle on a construction...
Fannie Mae Manufactured Home Eligibility: Foundation, Utilities and Access
Fannie Mae Manufactured Home Eligibility A manufactured home can be a path to homeownership, but the home and property must meet financing requirements. If you are buying land and planning to place a manufactured home on it, review the foundation, utilities and access...
How Land Equity Works With a One-Time Close Construction Loan
How Land Equity Works With a One-Time Close Construction Loan If you already own the land where you plan to build, the equity you have accumulated may help reduce—or potentially satisfy—the required down payment on your One-Time Close construction loan. If you Own...
Construction Loan Builder Requirements in Oklahoma
Construction Loan Builder Requirements in Oklahoma A borrower may be financially qualified and the proposed home may appraise well, but a construction loan still depends on having an approved builder. Builder approval helps confirm that the contractor has the...
Construction Appraisals for Rural Land in Oklahoma
Construction Appraisals for Rural Land in Oklahoma Building a home on rural land can be an exciting opportunity, but before construction financing can be finalized, the lender must determine what the completed property is expected to be worth. This is where a...
Modular vs. Site-Built Homes in Oklahoma: Which Is Better?
Oklahoma homebuyers who plan to build often ask whether a modular home or a traditional site-built home is the better choice. Both methods can produce an attractive, durable home, but they differ in how the home is constructed, how the project is managed, and what...