Post Frame Construction Loans
Apr 9, 2023
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Are you considering building a post frame home or renovating an old post frame building? Or are you a contractor with a client who wants to construct a post frame building but needs to secure financing? No matter what your situation is, securing a construction loan for post frame homes or buildings is crucial to bringing your project to life.
Post frame construction is an increasingly popular building method that uses poles or posts to support a building's roof and walls. Compared to traditional stick-built construction, post frame construction is more cost-effective and faster to build, making it a popular choice for a wide range of structures, including homes, garages, barns, and more.
However, as with any construction project, post frame construction can require a significant investment of time and money. That's where post frame construction loans come in. These specialized loans are designed to provide financing for post frame construction projects, covering everything from materials and labor to permits and inspections.
At Hitch, we specialize in securing construction loans for post frame homes and buildings. We understand the unique needs of post frame construction projects and work with a network of lenders to provide our clients with the best possible financing options. Whether you're a homeowner or a contractor, we can help you secure financing up to $100,000, even if you have bad or average credit.
One of the biggest advantages of securing a construction loan for post frame homes or buildings through Hitch is our low rates. We work hard to provide our clients with some of the lowest rates in the industry, making it easier for them to complete their projects on time and on budget.
So if you're looking to repair your current post frame structure or build a new one, let Hitch help you secure the financing you need. Our hassle-free process and knowledgeable team make it easy to get the construction loan you need for your post frame project. Contact us today to get started!
Exploring the Benefits of Post Frame Construction Financing
Post frame construction is a highly engineered wood-frame building method that has become increasingly popular in recent years. This construction method offers a wide range of benefits, including affordability, efficiency, reliability, and strength. In this article, we'll explore the advantages of post frame construction financing and how it can help make your building project a reality.
One of the biggest advantages of post frame construction is its ability to offer clear spans of up to 100 feet, making it an ideal choice for a wide range of structures, including homes, garages, barns, and more. Additionally, post frame buildings are easy to maintain and can be built quickly, which can lead to lower construction costs.
Another advantage of post frame construction is its versatility. Post frame buildings can be built on a variety of foundations, making them adaptable to different climate and site conditions. This flexibility makes post frame construction an excellent choice for a wide range of projects.
At Hitch, we make post frame construction financing easy. We specialize in securing construction loans for post frame buildings, and our knowledgeable team can help you navigate the financing process from start to finish. We work with a network of lenders to provide our clients with competitive rates and flexible financing options, regardless of their credit history.
So if you're considering a post frame construction project, let Hitch help you secure the financing you need to make it a reality. Contact us today to learn more about our post frame construction financing options and start your building project off on the right foot.
Financing Your Pole Building Made Easy with Hitch's Lending Platform
It's possible to finance your pole building, and with Hitch's lending platform, the process has never been easier. Whether you're looking for an unsecured personal loan or want to explore other financing options, Hitch has you covered. With nationally recognized lenders competing for your business, you can rest assured that you're getting the most competitive rates and terms available. Plus, Hitch partners with pole barn manufacturers and retailers to provide a seamless and hassle-free experience. Submit an inquiry at Hitch today and start exploring your financing options within seconds.
Hitch, Inc. NMLS #2383367 #2383367
2158 NW Toussaint Drive. Bend, Oregon 97703
1. Qualified applicants may borrow up to 95% of their home’s value. This does not apply to investment properties.
2. HELOCs have a 10-year draw period. During the draw period, the borrower is required to make monthly minimum payments, which will equal the greater of (a) $100; or (b) the total of all accrued finance charges and other charges for the monthly billing cycle. During the draw period, the monthly minimum payments may not reduce the outstanding principal balance. During the repayment period, the borrower is required to make monthly minimum payments, which will equal the greater of (a) $100; or (b) 1/240th of the outstanding balance at the end of the draw period, plus all accrued finance charges and other fees, charges, and costs.The lender will calculate this amount by taking the outstanding Account Balance on the last day of the draw period and dividing it by 240 months and then adding any finance charge that accrues but remains unpaid during the monthly billing cycle plus any other fees, charges and costs to the fixed principal payment that is due. During the repayment period, the monthly minimum payments may not, to the extent permitted by law, fully repay the principal balance outstanding on the HELOC. At the end of the repayment period, the borrower must pay any remaining outstanding balance in one full payment.
3. The time it takes to get cash is measured from the time the Lending Partner receives all documents requested from the applicant and assumes the applicant’s stated income, property and title information provided in the loan application matches the requested documents and any supporting information. Most borrowers get their cash on average in 21 days. The time period calculation to get cash is based on the first 4 months of 2024 loan funding's, assumes the funds are wired, excludes weekends, and excludes the government-mandated disclosure waiting period. The amount of time it takes to get cash will vary depending on the applicant’s respective financial circumstances and the Lending Partner’s current volume of applications. Closing costs can vary from 3.0 - 5.0%. An appraisal may be required to be completed on the property in some instances.
4. Not all borrowers will meet the requirements necessary to qualify. Rates and terms are subject to change based on market conditions and borrower eligibility. This offer is subject to verification of borrower qualifications, property evaluations, income verification and credit approval. This is not a commitment to lend.
5. The content provided is presented for information purposes only. This is not a commitment to lend or extend credit. Information and/or dates are subject to change without notice. All loans are subject to credit approval. Other restrictions may apply.