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Construction loans differ because they fund everything needed to build a new home, garage, or. Turn your dream home into a reality with a construction home loan from sccu! Loan length varies from six months to a year depending on the customization level you choose. A construction loan is useful if you are building a home yourself as a general contractor or working with a custom builder; This type of construction loan only closes once, and converts to a permanent mortgage when the home is finished. Construction loans can fund the purchase of land building projects (homes, garages, and more). How does a construction home loan work?

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