How To Obtain A Construction Loan To Build Your Home In 2011

If you were planning on building your dream home in 2010 it was nearly impossible. Just 3 years ago there were 20 plus large nationwide banks that offered residential construction loans. In 2010 there are less than a handful of large nationwide lenders that offer residential construction loans. So where did all the lenders go, well they either went out of business, bankruptsy or the banks simply stopped offering residential construction loans all together. So what you do if you want to build your dream home? You litterally have to start hunting down banks either nationally via the internet or locally door to door, bank to bank.

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