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Mortgage to build on land in the USA

Mortgage to build on land in the USA

Old Sep 9th 2021, 3:43 pm
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Default Mortgage to build on land in the USA

How do I get a Mortgage to build on a property(Land) that I own outright in Texas as a British Citizen
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Old Sep 9th 2021, 5:42 pm
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Default Re: Mortgage to build on land in the USA

Rocket Mortage has a good primer on the different types of "construction loans" and "construction mortgages" that are available (note: I've never used Rocket and don't know much about them, but this was a pretty good primer when we were considering similar).

https://www.rocketmortgage.com/learn/construction-loans

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Old Sep 10th 2021, 11:42 am
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Default Re: Mortgage to build on land in the USA

Thanks Penguinsix, I will check them out
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Old Sep 12th 2021, 12:50 am
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Default Re: Mortgage to build on land in the USA

If you have a custom home builder lined up then speak to them about it - they may have some negotiated deals with certain lenders.
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Old Sep 12th 2021, 2:56 pm
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Default Re: Mortgage to build on land in the USA

They usually expect a Contractor to have a certain track record.
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