Secure Dream Homes With Top Construction Loan Lenders Now

There are several types of construction loans available, each catering to different needs:

1. **Construction-to-Permanent Loans**: This type of loan starts as a construction loan and converts to a permanent mortgage once the building is complete. It's an excellent option for those who want the convenience of a single closing process.

2. **Stand-Alone Construction Loans**: These loans cover only the construction phase. After the home is built, you'll need to obtain a separate mortgage to pay off the construction loan. This option can be advantageous if you anticipate changing interest rates in the future.

3. **Renovation Construction Loans**: Ideal for those who plan to make significant renovations to an existing home, these loans can be used to finance both the purchase of the home and the renovation costs.