For most people, a new custom home build requires outside financing. Much like getting a mortgage for an existing home, unless you can pay with cash, you will need to source other funding. There are several options for financing the construction of a new home. The one you choose will depend on your individual financial situation and personal preferences.
The two primary sources of funding a custom home build are a new-construction loan and builder financing. You might also be able to save with new-construction tax credits.Read More