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A ground up construction loan funds building a new structure on a vacant or cleared lot. Rather than arriving as one lump sum, the money is released in draws as the build reaches agreed stages, so the financing follows the work actually completed. Apply with the lot, your plans, and your builder.
Commonly used for
Common uses for this kind of loan. Every file is underwritten on its own merits and terms are quoted after review. Not a commitment to lend.
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