Construction Loan Requirements 2024 - HOW To Build Your OWN House!

You may be looking for a construction loan to start the process of building a house rather than buying in 2024. In this video, Nicole breaks down the differences between building and buying in 2024, construction loan requirements and what you can expect when building a house.

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Hi, I’m Nicole Nark, a full-time Realtor® at HomeWay Realty in Little Rock. I came to Little Rock with the love of my life, I am a proud Mom of two furbabies (Mini Schnauzer Mix and German Shepard), a Graduate of Communications from the University of Arkansas-Fayetteville and Honor Graduate of Arkansas Real Estate School in Little Rock.

I believe that home ownership lays the foundation for a life of financial security and freedom.

From building equity in a home, to the tax benefits it provides, buying a home is the most important financial decision most people make during their life. For this reason it is important to work with a professional who is committed to act as an advocate for you and your best interests.

Learn more about me and the services I provide here:
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Disclaimer: The topics discussed, and ideas presented are Nicole Nark's opinions and presented for entertainment purposes only. Nicole Nark is a licensed Realtor with HomeWay Realty, but she is not advising or representing you in these videos. The information presented should not be construed as financial or legal advice. Always do your own due diligence.

[iameriyaj]

Please please please make the video regarding finding the land purchasing the land, finding a draftsman and builder. Start to finish please

[justme]

Yes, I would like to see you do a more detailed and in-depth review of a new build from finding the land, home designs etc. I am currently researching this to start the process myself here in Florida. Thanks for all the great information that you share.

[MRSEEK]

People buying land and planning on building a home with a basement, make sure you know what kind of soil you're building on. Can get real costly if basement foundation needs additional work due to bad ground.

[tonygt]

I just got my CO on my first construction project and you hit all the points right on the money. I did the one time close loan where I bought the land cash beforehand.

[keithnelson]

You nailed it. Brought clarity to the process. The overall 20%, you example of already owning the land took me so long to figure out. Was worried about doing improvements before getting construction loan and not having enough down. Thanks, great info. Subscribed and will watch more of your content. Future video-building plans, requirements and customization costs.

[bymilliebphotography]

I'm a Loan Officer Assistant and you just explained that so beautifully. It is hard to find one-time close new construction loans and we are so lucky to be busy with business in this real estate market because we specialize in CP loans. Thank you for doing such a great job of introducing the options to buyers and investors.

[NicoleNark]

Thank you so much for tuning in to this video! Your support means the world to me. 🥰 I’d love to hear what questions you'd like me to cover in future home building videos. Please feel free to share your ideas in the comments below. 👇🏻Your input helps me create content that's valuable to you!

[waseemsiddiqui]

Yes, I would like to see you do a more detailed and in-depth review of a new build from finding the land, home designs etc.

[latoyagladden]

Thanks so much for this video! Please do a more detailed video on how to purchase the lot and so forth. Thanks!

[Keythedream]

Building our first family compound, so excited and this video was so informative! Thank you 😊

[naomiappeahkorang]

I thoroughly enjoyed the video. Thank you!

[mare]

Thank you for the information. This is absolutely helpful.

[akilahballard]

Yes please, specific steps on the process would be helpful. Especially the timeframe. It seems like the approval for construction to permanent would be so extensive that it would be better to have the land purchased already so as not to delay the closing of the land purchase. Could you elaborate more on the steps for when you don't have the land and you plan to have a one time closing for land, construction and the mortgate?

[TheRaelliot]

This was an extremely informative video! Thank you - on to devour the rest of your informative content

[dustinmerrill]

Yes could you make a video on purchasing land? The ins and outs, what to look for zoning? Thanks!!! Also in particular building a barndominium on that land!!!

[daryllhall]

Just came across this great video. Very great information you gave out. You have a new subscriber keep the great information coming.

[redryder]

My experience showed me that the some painting, maybe one bathroom not done will get you a CO, being said that you, the owner can paint a few rooms. I also know that beauty doesn't mean a higher value. I was in construction for 20 plus years.

[samueloketcho]

Yes please break down finding lot builder and developing the floor plan

[omgChanelDenise]

Thank you for this. We have the family land but I was clueless on where to start next for the build. Thanks again!

[ericbenefield]

Great Information please give us a step by step process