Real Estate Academy
Building Dreams: New Construction Financing for Real Estate Agents
COURSE SUMMARY
As housing inventory ages and buyer preferences shift, more individuals are choosing to build custom homes rather than purchase existing properties. While the concept may appear straightforward, financing new construction involves a more complex process than a traditional mortgage. This course provides a detailed overview of construction financing, from initial loan approval through each phase of the building process. Participants will also explore how construction loans differ from conventional mortgages and gain a clear understanding of the real estate agent’s role throughout the transaction.
Learning Objectives
By the end of this course, participants will be able to:
- Define a new construction loan and its purpose in real estate transactions
- Identify the costs typically covered under a construction loan
- Distinguish between the various types of construction loans
- Compare and contrast construction loans with traditional mortgage financing
- Analyze real-world examples and case studies involving construction loans
- Outline the basic eligibility requirements for obtaining a construction loan
- Explain how construction loan amounts are calculated
- Describe the step-by-step process involved in securing and managing a construction loan
- Address common questions related to new construction financing
- Evaluate key factors when selecting a lender for a construction loan
Real Estate Continuing Education Credits
New York
- 2.00 Credit Hours
- Price: $0.00
This course has been approved by the New York Division of Licensing Services for 2.0 continuing education credit hours (Course Approval: M16242).
New Jersey
- 2.00 Credit Hours
- Price: $0.00
This course has been approved by the New Jersey Real Estate Commission for 2.0 continuing education credit hours (Course Approval: C20203953).
Professional Development
- 2.00 Credit Hours
- Price: $0.00
This course is offered for professional development purposes only. Participants will receive a certificate of completion acknowledging their participation and enhanced knowledge in the real estate field; however, no continuing education credits will be awarded.