Yearly Archives: 2022

Getting a custom home loan can be a bit more challenging than getting a loan for an existing home. Custom home loans are very different than home-buying loans because you don’t have a physical asset to secure the loan from the start. You’re essentially taking out a construction loan on something that doesn’t yet exist and whose actual and final value won’t be known for several months. This means there’s a much higher risk for the bank resulting in greater scrutiny and tougher requirements for you.

Is it smart to consider building a home In Columbia or surrounding areas this year? Despite inflation concerns and ongoing production bottlenecks, the Builder Confidence Index edged higher for the fourth consecutive month on strong consumer demand and limited existing inventory. Custom home building in the New Year is a good move.  Builder sentiment in…