Construction & Commercial mortgage loans through banks are more difficult and have a lot more moving parts than typical home purchases or refinances.
Building your own house in Vancouver, British Columbia
Many Canadians are choosing to build custom houses with special features to suit their lifestyles and personal tastes. While building your own house can be a creative and exciting experience, it can also present some complicated financial challenges.
A construction loan (also known as a “self-build loan”) is a short-term loan used to finance the building of a home or another real estate project. The builder or home buyer takes out a construction loan to cover the costs of the project before obtaining long-term funding.
For many newcomers, buying a home in Canada is an important step towards feeling settled.
Whether it’s competitive financing or advice to help you find the perfect neighbourhood,
we can help make your homeownership dreams come true.
- The Vancouver Lender Needs Detailed Descriptions
- A Qualified Builder
- A Down Payment of Minimum 25%
- Proof of Your Ability to Repay Loan
- The Property Value Must Be Appraised.
Be it single-family home construction financing, multi-family townhouse,
and condo project financing or a multi-million-dollar financing project,
Flash Financial is there to offer you the finances you require as per your need.