Residential Construction Lending

Residential construction lending is expected to expand given the shortage of existing homes for sale and growth in the typical age group for first-time home buyers. In many markets, there is extensive remodeling that is maintaining a large share of projects. This program provides an overview of the major issues involved in administering and monitoring consumer or residential construction loans, primarily to individuals having a home built or remodeled.

What You’ll Learn

  • Construction risk and how is it mitigated
  • What is the type of project (full construction vs. repair/remodel)?
  • Due diligence needed, beyond a conventional mortgage application and underwriting
  • Construction contract and cost estimate issues (Description of Materials form)
  • Contractor credentials and qualifications
  • Plans and drawings
  • Survey
  • Title insurance
  • Appraisal issues
  • Typical loan structuring, interest rate and fees
  • Construction loan agreements
  • Issues with draws and inspections, including cost over-runs and lien priority
  • How is the construction loan going to end (get repaid)?

Who Should Attend

This session is ideal for consumer lenders, mortgage bankers, private bankers, small business lenders, commercial lenders, credit analysts, loan review specialists, special assets officers, lending managers, credit officers involved in the consumer lending process, and support personnel involved in the administration of residential construction loans.

Date

Mar 10 2025
Expired!

Time

1:30 pm - 3:30 pm

More Info

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Labels

Webinar/Online
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