Friday, December 13, 2013

Utah Construction Loans

Apply Now Utah Construction Loans Utah construction loans By Q. Utah Construction Loan information! Utah Construction loans are fairly easy to get, we offer Utah Construction Loans with credit score starting as low as a 560 credit score and up to an 850 credit score. There are some common features to a construction loan. Construction loans typically require interest-only payments during construction and become due upon completion. Completion for homeowners means that the house has its certificate of occupancy. Utah Construction loans are usually variable-rate loans priced at a spread to the prime rate or some other short-term Utah interest rate. You, the contractor and the Bank negotiate a draw schedule based on stages of construction, and interest is charged on the amount of money disbursed to date. Another variable in a Utah construction loan is how much of the project cost the lender is willing to lend. If you already own the land, then at can be

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