This type of mortgage lets you pay for a home and renovations with a single loan.

An expert Q&A on key points in construction contracts and loan documents that must align to avoid disputes, funding delays, and defaults.

How Construction Loans Work Construction loans let future homeowners borrow money to purchase materials and pay for labor necessary to build a home. Often, this money also can be used to purchase the ...

Construction loans are short-term, interest-only loans used to build on undeveloped land. Qualification for FHA construction loans requires a 3.5% to 10% downpayment and a credit score of 500+.

A home loan for self-construction works a little differently from buying a flat. Understanding how lenders disburse money and ...