This area is at a virtual standstill. I work for a well known bank and we still write these loans but it is on a much smaller scale. The people who do gets the loans are well know customers of the bank with stellar credentials and not prone to default. So while it may be difficult to get one it can be done but you will need lots of perseverance and mighty convincing skills to a sympathetic banker.
Yes there is a website to get small construction loans. Ibank.com offers a premier website for construction loans.
Construction loans are loans that people take out in order to do construction. It can be the construction of a home start to finish, remodeling, or putting on an addition.
are they doing subprime loans anymore
Yes, home construction loans are available for DIY purposes. YOu can apply for them at www.diychatroom.com/f2/how-do-construction-loans-work-477/
a bank that deals with international finance ,long term loans to companies ,underwriting
Loans meets underwriting guidelines required for Fannie Mae or Freddie Mac to purchase them.
There are many companies that offer owner builder construction loans. BuildMax, LFS Home Loans and even local banks may provide owner builder construction loans, to name a few.
the dealership doesnt exist anymore and the financial company doesnt do auto loans anymore
Yes they provide Construction Loans for builders. One of my friend is builder , he recently took a construction loan for his new project.
NO
Most banks and Credit Unions will offer new construction loans. Mortgage brokers may also be able to provide new construction loans. Be sure to have a good cost estimate before applying.
A construction lender is a person or persons that serves as the financier for a construction project. They can also provide you with construction loans.