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  2. What are construction loans, and how do they work? - AOL

    www.aol.com/finance/construction-loans-154657152...

    Construction-to-permanent loan. With a construction-to-permanent loan, you borrow money to pay for the cost of building your home. Once the house is complete and you move in, the loan is converted ...

  3. VA construction loans: A step-by-step guide to lenders and terms

    www.aol.com/finance/va-construction-loans-step...

    VA construction loans have many advantages, but getting one’s a painstaking process.

  4. Best construction loan lenders in 2024 - AOL

    www.aol.com/finance/best-construction-loan...

    4.8. Flagstar Bank. 620 for conventional loans, 700 for jumbo loans, 580 for FHA loans. 3% for conventional loans, 3.5% for FHA loans, none for VA and USDA loans. 4.6. Old National Bank. 620 for ...

  5. Gap financing - Wikipedia

    en.wikipedia.org/wiki/Gap_financing

    Gap Financing is a term mostly associated with mortgage loans or property loans such as a bridge loan. It is an interim loan given to finance the difference between the floor loan and the maximum permanent loan as committed.

  6. Unfunded loan commitments - Wikipedia

    en.wikipedia.org/wiki/Unfunded_loan_commitments

    Typically, unfunded commitments are separated into two categories: Multiple Advance, Closed End: This type of loan (typically a construction loan) advances incremental amounts up to a certain limit, based upon some criteria such as inspection and approval of a draw request.

  7. Fast-track construction - Wikipedia

    en.wikipedia.org/wiki/Fast-track_construction

    The fast-tracking of the project is therefore achieved through the integration of design and construction phases. Fast-track is more difficult to manage than the traditional design–bid–build process. It requires detailed knowledge of the process, effective planning, integrity and close coordination among the organizations executing the work.

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