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Loan Programs Glossary

Start Your Construction Loan Application here

Any credit, any income...
Our lenders accept requests for many loans of other
property types

Construction Loans

1   Fill out one FREE construction loan application safely and securely.

  • Your Social Security Number is not required.
  • Finish your Construction Loan in 2-3 minutes.
  • Get your own Loan Control Center with tools to conduct all of your negotiations until your loan is closed.

2   Get the BEST RATE and the terms.

  • Over 10,000 banks, brokers and private investors will have instant access directly to your loan application.
  • If your commercial / home construction loan request fits their lending criteria, they can immediately provide you with a "Letter of Interest", and a loan approval.
  • You may receive 4-6 bids. These bids will come directly to your own Loan Control Center with email notification to you.
  • You can compare offers and then choose the best one or negotiate further. View sample results

3   Construction loans available through Lending Universe include:

  • CONSTRUCTION LOANS are not easy to procure as traditional mortgages. The terms, rates and fees may differ widely. A Construction Loan is generally a short-term and interest only loan. Such a HOME CONSTRUCTION LOAN is usually replaced by a regular mortgage on completion of construction.
    The greatest advantage with this type of Construction Loan is that application and processing fees are reduced.
    In this case, the lender automatically modifies the Construction Loan into a mortgage after construction is complete. The borrower deals with just one lender, fills out one loan application, and pays only one set of closing costs. But the borrower also agrees to the mortgage rate and terms before construction is complete. There's no chance to shop around for a new lender after the house is finished.
    A loan given to a business for the purpose of constructing a building or improving existing real estate already owned by the company. Commercial Construction Loans are very large and long term loans that are difficult to obtain. In just minutes, we can provide you with a matched list of funding sources.
    A Construction Loan finances the land, land improvements (such as clearing, grading, utilities, driveway, etc.), actual construction costs, finishes in the home (such as carpeting, appliances, etc.), architects and engineer's fees, permit fees, interest payments on the Construction Loan while the home is under construction (so you don’t have to make payments on your present home plus the home under construction if you do not wish to) and closing costs on the transaction.
    Construction Loans for a business are a little harder to obtain than RESIDENTIAL CONSTRUCTION LOANS. Certain banks prefer specific types of property for lending money, and the terms for Construction Loans are generally much shorter than with a mortgage.In addition, BUSINESS CONSTRUCTION LOANS take much more into consideration than just credit history - factors such as the industry of your company, how profitable it is, how long you've owned the company, and your experience with business or entrepreneurship will be some of the deciding factors as well. On the other hand You can find Private Investor for your Construction Loan who will have much easier terms for your loan request.
  • BAD CREDIT HOME CONSTRUCTION LOANS are specifically designed loans for people whose credit history has been damaged. These loans allow people with poor financial backgrounds the opportunity to build a dream house.
    Creative lending solutions are needed for borrower’s who have low credit scores, low income, no cash flow or are in need of a quick closing! Hard Money Loan can finance single family residence - RESIDENTIAL CONSTRUCTION LOAN, unimproved & improved property of all types - HARD MONEY CONSTRUCTION LOANS including land purchases, developer lots or raw land.
    Here at Lending Universe we offer Construction Loans for the owner builder. This programs programs include, conventional, kit or log home construction financing, and allow you to self build your home, it gives you the easiest, most flexible Construction Loan available that will help you save money as you build your new home. Whether you are building a home for you, for investment, or for rental or resale our Construction Loan program is designed to make your building project easier.
    Since VA loans require no down payment and have a high loan to value, banks or lending institutions are not willing to approve interim home Construction Loans directly to veterans. At Lending Universe, we have created an effective way for veteran homebuyers to be able to construct their dream house.
    If you have construction or remodeling in mind then consider a FHA Construction Loan. FHA loans can be used for construction financing, refinancing, modernization, remodeling, equipment, expansion, etc.

Start Your Construction Loan Application here

Any credit, any income...
Our lenders accept requests for many loans of other property types