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Looking for a construction loan in ME

Any lenders specialize in this kind of loan in my area? by vince536 from Bar Mills, Maine. Nov 19th 2015 Reply


William J Acres (William_Acres)
#2 ranked lender in Arizona - 7,924 contributions

Two things you can do to try and find a lender.. First, in the upper right corner of this page, select the "community" tab, select "Find a Lender", then type in your zip code, and you should get a list of local lenders.. You can also go to Google and type in your zip code and "Mortgage Broker".. Brokers are your best bet because brokers deal with numerous lenders ( I have 21) with each one offering a different set of lending programs.. the more lenders, the more lending options then the greater likelihood your loan scenario will be accepted.. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. William J. Acres, Lender411's number ONE lender in Arizona. 480-287-5714 WilliamAcres.com NMLS# 226347

Nov 19th 2015
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Jesse Stroup (jessestroup)
#197 ranked lender in California - 591 contributions

I would start with a local mortgage company; they may have good connections for you.

Nov 20th 2015
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Sean Young (SeanYoung)
#2 ranked lender in Colorado - 1,107 contributions

For a true construction loan you will get the best terms from your local bank or credit union. You will then need to get a permanent loan after the home is completed to pay off the construction loan and going with a local mortgage banker/lender/broker will be your best bet for that type of loan.

Nov 21st 2015
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Mark Hemingway (SFSLend)
#1 ranked lender in Colorado - 567 contributions

Constructions loans are best obtained from a local bank or credit union in your area. Once your construction is complete you will need to get a permanent loan in which you would go to a more traditional mortgage banker or broker to get a traditional loan.

Dec 1st 2015
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