Ok another lender, broker, loan question..?

[Blown Lavey]

What would you say are normal fees associated with a 470k construction loan start to finish in az.
Thanks.

[soupersonic]

You pay interest only on the money the builder takes as a draw until it closes.Provided it closes on time and you dont have to extend it. Theres a lender that will do zero down depending on the appraisal, but usually you just come with your closing costs when it closes.
On edit : typically a mortgage banker has less junk fees than a mortgage broker

[totenhosen]

look into a bridge loan

[soupersonic]

look into a bridge loan
Why when there are so many one time close construction loans?

[rivercrazy]

Normal fees typically include:
Loan fee (typically 1%)
Doc fee
Title insurance
Escrow fee
Appraisal fee
Inspection & draw fees
Environmental due dilgence fees (depending on the history and condition of the land)
Geo fees (sometimes also depending on the condition of the land)

[INSman]

What would you say are normal fees associated with a 470k construction loan start to finish in az.
Thanks.
Call me, I am going through this RIGHT NOW !!! check you PM