Building a custom log home has many distinct advantages. It also comes with some risk. While you are in control of the design, materials, finishes and other elements, you also must trust your log home producer, builder and a host of trade professionals to realize your vision. If you do your due diligence, everything should work out according to plan, but one area where you certainly won’t want to leave anything to chance is in the financing.
For most, paying for your build usually starts with a construction loan, and then the long-term loan (mortgage) is addressed down the road. While it’s possible to obtain construction and permanent funding separately, such an approach would include two loans, each with its own qualification requirements, underwriting and closing costs. That’s a significant…
