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Justin Kendall


20 Recent Sales (last 12 months)

Real Estate Professional , Texas Real Estate Salesperson License (2 years experience)

Buyer's Agent,
Listing Agent,


  • (3 Contributions,
  • 1 Best Answers,
  • 0 Helpful)

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Getting Construction Loan...

Best Answer

Yes, I think you have a great shot! The income will be based off of the last two years W-2's. So the adjusted income is what will matter. I am assuming you will be building on the 4 acres. It helps that you already own that. When you choose a lender, they will give you a lot of information. If you have anymore questions at that point, or wonder if you should shop around, let me know.

Getting Construction Loan...


Definitely go local. They are easier to work with and are more familiar with local programs that you may qualify for. I would get pre-qualified as soon as possible to see if there is anything you need to work on to ensure that when you are ready you get the best rate. Some factors to consider are debt to income ratio, income, time at current job, etc. Your builder may already have a lending institution that they prefer. If you need help finding a builder or lender, let me know.