There is not a huge percentage of people out there who have custom built a house. So, we are often asked what the financial qualifications are to be able to go from this...(dirt lot)... ... ... ... ... ...to a beautiful finished home like this! It is best to get preapproved for a construction loan. Lenders typically look for: FICO Scores of 720 or above Approximately $250-300K of taxable income for 2 of the most recent tax years Cash reserves of approximately $100K Debt to Income Ratio 45% or less Equity into the project 25% or more This is a good start to help you on your way to building a custom home with McCullough Design Development. More information can be found on our website at www.mddhomes.com under the "How it Works" tab.
McCullough Design Development, Inc.