Construction loans are short-term loans that you can use to build a new home. Some construction loans can be converted to mortgages after your home is finished. Construction loans typically have ...
Most people associate a mortgage with buying a house, but a construction loan finances the home build — from purchasing the lot, paying for labor and materials and covering any permit fees.
This resource briefly summarizes the TRID requirements for construction loans. As closed-end consumer credit transactions secured by real property, most construction loans are covered by the TRID ...