Construction Loans are a short-term loan used to finance the building of a home or another real estate project. The builder or home buyer takes out a construction loan to cover the costs of the project before obtaining long-term funding. Because they are considered fairly risky, construction loans usually have higher interest rates than traditional mortgage loans.
Contact Morris Team Mortgages, NMLS #1090842 if you think a Construction Loan is for you!
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Fair Housing Act
The Fair Housing Act prohibits discrimination in housing on the basis of: race, color, national origin, religion, sex, familial status or handicap (disability).
First Florida Mortgage
NMLS # 392021
13400 Sutton Park Dr S Suite 1502
Jacksonville, FL 32224
(904) 826-5009
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