Obtaining a Construction Loan, when building on your own lot, can be tricky. When building with a large production builder in a neighborhood, the cost of the lot and the house is rolled into the purchase price. The builder carries the cost of the build and you purchase the completed home. However, if you want to buy land or a lot to build a custom home with a local, independent builder, that process requires a different loan and purchase process.
Here is a local lender who can help you navigate the Construction Loan process when buying land and building a home.
Central Texas Area Manager
Hometrust Mortgage Company
NMLS ID: 211987
Contact me to search for the perfect place to build your dream home.