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2. FHA construction loan: What it is and how to get one - AOL

   www.aol.com/finance/fha-construction-loan-one...

   There are two types of FHA construction loans: an FHA construction-to-permanent loan and a FHA 203(k) loan. FHA construction loans can be rolled into an FHA permanent mortgage.

3. What are construction loans, and how do they work? - AOL

   www.aol.com/finance/construction-loans-154657152...

   Construction loans are short-term loans that you can use to build a new home. ... In general, it is harder to qualify for a construction loan than for a traditional mortgage. Most lenders require ...

4. What is a construction-to-permanent loan? - AOL

   www.aol.com/finance/construction-permanent-loan...

   A construction-to-permanent loan — also known as a one-time, single-close or construction-perm loan — is a type of mortgage for those building a home. It funds the purchase of land and the ...

5. Home equity line of credit - Wikipedia

   en.wikipedia.org/wiki/Home_equity_line_of_credit

   However, because the collateral of a HELOC is the home, failure to repay the loan or meet loan requirements may result in foreclosure. As a result, lenders generally require that the borrower maintain a certain level of equity in the home as a condition of providing a home equity line, usually a minimum of 15-20%. [3]

6. Mechanic's lien - Wikipedia

   en.wikipedia.org/wiki/Mechanic's_lien

   Still other states, such as California, provide priority for a construction loan mortgage recorded before the visible commencement of construction where the lender is obligated to disburse the funds. In the State of Illinois , there is a statutory funds disbursing scheme that, if followed, provides construction loan mortgage priority.

7. Hard money loan - Wikipedia

   en.wikipedia.org/wiki/Hard_money_loan

   A hard money loan is a specific type of asset-based loan: a financing instrument through which a borrower receives funds secured by real property. Interest rates are typically higher than conventional commercial or residential property loans because of the higher risk and shorter duration of the loan. [1]