When como financiar construção em terreno próprio a home on your own land, you have the unique opportunity to tailor it to fit your family’s needs. But it’s also a big financial decision, so it’s important to carefully consider your personal goals and finances before moving forward. This article is here to help you understand How to finance construction on your own land, so you can make the right choice for your situation.

A construction loan is a specialty financing option that can be used to pay for the cost of buying land and building a new home on it. Unlike traditional mortgages, these loans are short-term and are expected to be paid off once the construction is complete and the property is ready to be occupied or sold.

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There are a few things to keep in mind before pursuing this type of financing:

Make sure that the builder you choose is known for quality work and will build a floor plan that will meet your family’s needs now and in the future. It’s also a good idea to check builder reviews online and ask your real estate agent for recommendations. Lastly, don’t forget to get a homeowners insurance policy that includes builder’s risk coverage while the house is under construction. This is usually a requirement of your lender. For example, if you are going with an FHA One-Time Close construction loan, the lender will require that you have homeowners insurance and will need to review the builder’s policy before final closing.