BUILDING WITH US

Breakdown of How to Get Started on Your Construction Loan

You Need The Following for a Construction Loan

  • Cover letter explaining the project
  • A completed loan application
  • Plans and specs description of materials
  • Bids from sub-contractors
  • Appraisal
  • Pre-approval on permanent loan*

    *Pre-approval is not a commitment to lend. It is based on a borrower’s current credit profile and is predicated on the condition a borrower’s financial condition, including credit score, does not change during construction.

Once the Above Items are Gathered and Approved:

  • A commitment letter is issued
  • All conditions are met

  • Loan is funded
  • Draws are requested

  • Project becomes completed
  • Permanent loan pays off construction loan

More Questions about Construction Loans?

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BUILDING WITH US

7 Steps of a Construction Loan

HOW IT WORKS

Buying With Us

NHLC works with our clients to find the right loan for their borrowing needs. Our personalized approach to client and builder service has helped us obtain most of our accounts through referrals by satisfied customers.

You Need The Following for a Home Loan

  • Your Credit History
  • The Loan Application
  • Your Tax Returns
  • Down Payment

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Start Building Your Project

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