I cringe whenever people ask, "Are you still lending money?"; but I suppose it is a fair question these days. In my markets of Wenatchee, Leavenworth, Chelan, Winthrop and Okanogan County, most of the banks that used to do a lot of construction lending have severely cut back their programs.  Some of the things that other lenders have dropped but we still do are:

Owner-Builder Construction Loans

Lot Loans, Land Loans

Modular Home Loans (those delivered in sections)

Kit Home Construction Loans, or panelized home Loans  such as Lindal, Viceroy, etc.

Loans for homes where construction has already started

SIP Construction loans, or ICF construction loans

Many of my clients were planning to build a year or two ago, but everyone was too busy. It has turned out to be a huge blessing as prices are coming in much lower than they were in the past. 

Many people from the Puget Sound region eventually seek out a simpler life and move over here to Eastern Washington where there is no traffic, the pace is much slower and the sun shines.  Whether you want a small town, or wide open spaces; the low cost of building makes it a great time to make your escape.

Click here for some basics on Construction Lending