California Construction Loans, is approved with all of the major banks and Investors. CA Construction Loans is a subsidiary of Nationwide Construction Loans Inc.
San Diego, USA – July 21, 2014
/PressCable/ — The California construction lending industry has experienced a nine-year decline, leaving some wondering when the right time will be to start building again. However, according to experts, California’s building industry should see a bounce back soon enough as optimism in new homes and property values begin to go up again.
According to Rick Gomez, Branch Manager of California Construction Loans, “The time is now to begin thinking about the land you want, what you want to build and how you are going to get your financing to do it all. Securing your construction loan with a good company that is competent with the construction loan process and can consult with you about your needs and requirements is the key to loan approval in today’s marketplace.”
Rick Gomez says that many new home builders today feel they will be turned down by banks and are shy to try because of this. But a good company will have sources outside of the state to refer you. “California Construction Loans, for example, provides lending institutions from all over the USA, updating our sources often to make sure we have the best loans available to our clients.”
This is good news for the consumer who has been waiting to build his dream home. Gomez continues, explaining how consumers have lost confidence in lending institutions. “Remember when it was easy to find a construction loan from banks that were once trusted?” He asks. “Many of them have either shut down their construction loan departments or gone out of business. The consumer in today’s economy often doesn’t know where to turn for getting a loan to build their home.”
Gomez advises that “california construction loans are unlike any other loans in the industry. It’s important you work with someone who understands the lender guidelines in all four areas of approval: customer approval, project approval, builder approval and appraiser approval.” He explains. “Most customers rarely think about the importance of the banks guidelines when choosing a bank until it’s too late and have to start all over looking for a new bank. We get the phone calls every day from those who’ve run into problems, asking for our help. These families have applied to local banks and been given the run around. But, most problems would never have happened if they had just contacted us first. We know which lenders have the best rates, loan to values, debt ratios, loan to cost values, fast turn times and yes, even exceptions. We have lenders with down to earth underwriting.”