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Construction loans are for custom builds where the homeowner is contracting directly with a builder, with no developer middleman, I thought? Someone I knew rec
by javagram 2y ago
Construction loans are for custom builds where the homeowner is contracting directly with a builder, with no developer middleman, I thought?
Someone I knew recently “built” a home through a developer and they didn’t need to get a loan until a couple months before closing on the finished, move-in ready home.
- SkyPuncher 2y agoIt goes both ways. In that case, the developer had the cash to front the loan.