Home Addition

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Eric--we are interested in a loan to construct an addition to our primary residence. Is this a "construction" loan or a "renovation" loan? My husband and I have excellent credit. How hard it is to be approved for this type of loan. Thanks, Mary Andrews

construction to perm loan

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Hi Mary – thanks for your question. Construction and renovation is typically the same loan process regardless if you are building a new home from the ground up or putting an addition on your existing home. They are not difficult loans to apply for or be approved for as long as you are well prepared. I'd be happy to walk you through the process if you reach out to me directly at 301.517.5434.

Answered By: Eric Strasser Level Rating

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