HOW TO GET A CONSTRUCTION LOAN (NEW CONSTRUCTION MORTGAGE) DREAM HOME EP18 

All I heard was 86 acres of land. 👏

I'm interested in seeing videos of creating the floor plan. Sitting down with the architect and what the discussion was like.

Thank you Olivia very informative information!! Very detailed keep it coming liked and subscribed

My wife and I are in full research mode. We are looking to buy land to build a single-family home in either Oregon, California, Washington or Nevada, in the next year or two with a USDA construction loan. Our current plan is to find a piece of land that works for us, get a conventional loan based on our current debt to income ratio to buy it, and start making payments. Once we have gotten our debt-to-income ratio back to where it needs to be, we want to find a lender and builder for the area. The DTI ratio is our biggest challenge. We are on a guaranteed fixed income of 20,000 and we have student loan debt we are paying down. Our Credit is 700+ and we think we can raise 4,000 before we get started. Any and all advice is welcome Thank you Michelle and Christy Wear

Thank you for the info...I love the videos....keep them coming

Really concise and useful! Are you building a stadium? 😉

What’s the name of loan company?

Can you share your builders details?

Wow the appraiser really tried to get you, that takes me back to redlining and I wonder if that was done intentinally or was it really an error.

You have made this journey easier for anyone else hoping to own a home... Thank you❤

best simple and straight forward explanation ive seen

This is the perfect amount of information and very detailed explanation! Just what I was looking for, thank you! P.S. congrats on securing all that land and what seems like a very nice house! Wow, an elevator and pool, sounds lovely!

This is great information. It will save 10s of thousands of dollars. Build at cost. Not retail. Find a contractor to over see the job. Not a retail builder.

Great video! I got approved not long ago for a construction to permanent loan. Interest rate at 3.115% Just waiting on my builder to get builders risk insurance so the bank can give me a closing date! 🙏🏼

Very good info. Ive had youtube for about 10+yrs and i never leave a comment. Thank you for this.

I watched you when you talking about finding land. I am so appreciative that you are so open in discussing these information. I am 5 years from retirement but I want to build a dream home/retreat center. I love this. I am at the beginning stage. I did not find land as yet. Is there a disadvantage in getting your land together with the construction loan application.

Oh my! You are amazing! Pure information. No huffing and puffing like those guys selling their books and online courses. THANK YOU! You are a huge help in this research process! Subscribed.

Thank you for a thorough transparent understanding of building a home. I found you through Erin on Demand. Best wishes for a happy, healthy, prosperous life!

Awesome video! Very informative. We just bought our first 2 acre lot in CA & you taught me so much. I had to subscribe. I hope many blessings for you, your family & your dream house. Thank you for sharing.

I want to have a container home, this is highly important and informative

Dear lord THANK YOU! I may be broke but I hope to build my home. Every other video talked nothing but about the land and how important it is to like the location. Nothing about loans, what are the first steps, and what to expect!

Thank you suga!! This really helped. Broke it down so effortlessly and answered so many of my questions, concerns worries everything. New subbie here. Love the content and details within thank you ❤

Hello how are you doing you are awesome and full of knowledge I just discovered you on episode 18 on how to get a construction loan I am going to watch all your videos and contact you for more advice thank you so much keep up the awesome work.

Forget it! If I was rich, I wouldn’t be coming to RU-vid, looking at videos. I can’t do this. I don’t have that kind of money.

I bought 20 acres 2 years ago. It will be paid off in 2 years. Then we will build retirement home.

You had me 'til you starting talking about adding an elevator in your house. Too rich for my blood.

They didn't miss..they did it on purpose..mad because your winning 🏅

You know why they low-balled your appraisal right? 😮‍💨

When you buy a house... You're buying other people's problems...

appraisers are shaddy and often undervalue homes, especially for minority home owners

I’m about to buy land soon but new to everything, my issue is how much to save in total , Ik it varies but will a realtor give me prices for everything

Do you have a video discussing finding and owning land with gas rights? How lucrative it is?

Great information, regarding locking the rate , you need to lock the rate one for the construction side and another lock for the mortgage if you are going for construction to permanant? also, do you lock them at the same time?

Did anyone bank asked to resubmit your financial statements twice

Wait so get construction loan and pay on that andddd pay the mortgage andddd down payment?? Lol

Also wanted to add, not sure if you’re aware how often blacks in America get under-appraised for houses, but your experience is a prime example of the problem. I’m so glad you appealed and won the appeal. The fact the appraiser “forgot” to mention those items and comped using older houses is a common tactic that is done to black people. It’s sick that we even have to be so diligent when people should do their job regardless of race.

Tell me you’re wealthy without saying you’re wealthy.

my wife and I want to buy land and build in Georgia. thank you for your help

I have my first borrower coming into my office this week for this kind of loan product. Thanks for the content, much appreciated!

Looking to purchase land. Where do I start? A realtor or?

Very good and useful info and thanks for listing bulleted items in video. Good that you asked viewers to actually login and hit the LIKE button, or I'd have just gone to next video. Since you made the effort to bring this video to us, I can at least honor your request. Subscribed!

Do you have videos for builds of multi unit properties

Thank you for this, I'm hoping to get land later this year or early next year to build on eventually. Finding info about the process is stupid hard.

You are my role model 🤩What state or country are you guys in?

Amazing job with details 👏

For the stand alone construction loan, after i'm finish building, instead of getting another loan to cover it, can I sell it for profit?

Thanks for the info it really helps me learn 😅😅

Thank you youtube algorithm.

So it’s worth it ? If I already have land ?

Why is she standing in a dirt field though

U inspire me may God contuine to bless u

Do you have a video of best banks that approves construction permanent loan?

Can you help me I am still confused

Excellent video and more to the point

I’d love to see the process of going from the raw land to construction ready. Also info on what that cost for that type of acreage.

Is it possible to get a Bank Statement Loan program for a construction loan. . I already own the land cash and need a construction loan to permanent home . . But I can only qualify using bank statement plan

I love plain talk, you explained it so well. Thank you, you have a new subscriber.

Thank you for your content!!

Thank you for your content!!

What about discussing buying some acres of land, sub dividing it into some plots to build individual homes? Put simply to build a private gated estate for 5 families? Can we get construction loan and can we achieve this? Thanks

Will this work with a VA loan?

We are having some difficulty finding lenders willing to offer a "construction" loan. We need land plus construction. We are looking for upwards of $700k. Can you point me in the direction of lenders that you know who are able to handle this time of package?

Thanks so much for this information !! I’m in the process of coming up with a budget and plan so I can build my house in the next 2 years . 🙂🙂

What about bad credit ?

Thank you for the video! We bought 8 acres and close on our construction loan next week! We should break ground in about 3 months. It has definitely been a journey buying land during covid times for sure! Many blessings to you along your journey!

can you explain a little more about using the equity to pay for the mortgage of a construction to permanent loan.

Thank you so much ❤

Thanks 🙏 so so so much

An elevator 🛗!!!

Hello I love your videos! I want to ask about buying land. I found 50 acres for $375,000. I’m a first time buyer also. I want to get a loan for the land and then build houses on it and maybe sale some of it. Please help me on the process.

Can't wait to see your dream come along.

You give such great info. You have been very helpful in informing me of what we should be aware of in our custom homebuilding process. Thank you!

I love this educated woman 💓 we need more women taking charge of things like this

Hello Olivia! So glad I found this video today. My next home will be custom built and I'd like about 4-5 bdr, 3-4 ba, 3-5 thousand sq ft., 3 car garage, 5-7 acres, cul-de-sac, etc. I just looked at your home on Facebook. WOW!!! We've got to talk! This was a very informative video. I've subscribed. Thanks for sharing!

Thank you.

Nice video.

Thank you for such valuable information! I am in the brainstorming stage of looking to buy land and build a indoor basketball court on the land as well as live on the land. This would count as land where I’m building or investment purposes correct? I’m sure your extremely busy but some information on buy land and building a structure on it for business purposes would be awesome! Thank you again you have no idea how much it helps when great people like you help to educate people!

You are amazing. Breath between your lines. I can understand perfectly but factor in your accent. I have one just pointing out something. Good job I'll hit the subscribe and like your videos. Hugs and Gods love.

Love this vid... subscribed....... Question. At 1:55 u talk about using the equity in land to pay off mortgage then convert it to the CPL. could you give an example? If u use the equity in land to pay off land - doesn’t that create a new loan? A fictitious example with numbers would greatly appreciated.

Great video. I'm just start what is your recommendation regarding capital . When your capital is not allowing you to move forward?

What a great video! completely useful information! Keep them coming! subscribed!

Very good info. We have some land that we are getting ready to build on soon. So excited! I was a little overwhelmed when googling info about construction loans. But you have made it a hell of a lot easier to understand. Thanks for the video.

This is SO helpful! Thank you for being sharing your knowledge in such a friendly and interesting way :)

Thanks for this video

I wish I understood this all😢 that would be great if you filmed all the process. Thank you

I own my land debt free. The new home I plan on building will definitely be the most valued on the block. Nothing crazy just a single family home with an in law in the back of it

🤗Thank you for this thorough explanation! Just what I needed. 🙏 prayers for everyone reading this. May God bless you all. If you don't know Him, please accept Jesus into your life. Repent. ❤ He loves you.

This was a really good video, thank you!! I sell homes for a custom builder in San Antonio; Diamante Luxury Homes if you have anyone moving here. Send them our way!!

Hello Olivia, thank you for posting this video. It was really helpful We are currently in this process now. Question, I know they asked you to submit financial info again, is your credit also pulled again at closing?

We are in the process of building a home! And I was googling new construction home must knows, and that’s how I found you! Listening to you talk explain the construction loans I wondered if you were from Uganda (I am)! So I visited your channel and now I have binge watched 5 videos. I love your big beautiful home! Your children are beautiful Congratulations to your hard work

We are getting ready to build on my mother in laws farm.We are getting a lot we just have to pay State of Maryland $4200 to get it out of Preservation. The lots where we live are going anywhere from $150-$200,000 .I am disabled so we have some savings but not 5mo. My income is guaranteed I get Social Security Disability plus 2 Pensions thru my Unions and my wife's Income.Since our lot is probably almost worth what our house is should that make it easier getting loan?Our cost should be actually less then estimate we recieved since I plan on doing some of the work with my son since I am a Master Electrician.

How to get in touch with you for more advice thank you

Thank you so much for this video- I sure learned a lot from you. I feel more confident in moving forward with my dream home.

Thank you for sharing this... Very informative.. 🙏🏽🙏🏽💙💙💙

I can’t seem to find a lender willing to fund a construction to permanent loan. Good credit and income. Can you please suggest a lender that would fund this?

Would this work similarly in kenya? What about for commercial?

Thank for the information, I am just getting started on building my new home, Already owned my land. In talk with a builder not sure he is the right builder to work with. The permanent construction loan is something I would love to get. Any advice ??

Why would the contractor draw plans of the loan isn’t approved yet?

🙌🏿🙌🏿🙌🏿🙌🏿

Great video, thank you! I would like to learn about how/when to approach the township, the blue prints approval, how to obtain the permits to build, what does the township look for before approving the constructio etc. I know every township is different but some general information will be extremely helpful. .