HOW TO GET A CONSTRUCTION LOAN (NEW CONSTRUCTION MORTGAGE) DREAM HOME EP18

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  • Опубліковано 30 лис 2024

КОМЕНТАРІ • 287

  • @shaunaemily480
    @shaunaemily480 3 роки тому +66

    I'm interested in seeing videos of creating the floor plan. Sitting down with the architect and what the discussion was like.

  • @LeeHanHart
    @LeeHanHart 3 роки тому +170

    All I heard was 86 acres of land. 👏

    • @salemdesigns65
      @salemdesigns65 3 роки тому +6

      Lee-Han Hart:
      Right. Same here. 😄

    • @OliviazVentures
      @OliviazVentures  3 роки тому +13

      Thank you, am going to be posting a video on how to look for land with gas rights on my new house channel ANSELLVANIA:)
      ua-cam.com/channels/AKdQVLn4zJ8wvzmxIntL0Q.html

    • @salemdesigns65
      @salemdesigns65 3 роки тому

      @@OliviazVentures
      Looking forward to it. 🙂

    • @AquariusSweetheart
      @AquariusSweetheart 3 роки тому +1

      Me too! So happy to see this! Congratulations Olivia Ansell!

    • @06Kabal
      @06Kabal 3 роки тому +15

      All I heard was pool house, 86 acres of land and elevator...and appraised for 500k less than what it was worth...I’m like daaaaamn sis is building a palace!!!!!

  • @ixhotboyxi
    @ixhotboyxi 2 роки тому +1

    Very good info. Ive had youtube for about 10+yrs and i never leave a comment. Thank you for this.

  • @wilfredopaz7070
    @wilfredopaz7070 4 роки тому +29

    best simple and straight forward explanation ive seen

  • @mempho38128
    @mempho38128 4 роки тому +23

    This is great information. It will save 10s of thousands of dollars. Build at cost. Not retail. Find a contractor to over see the job. Not a retail builder.

  • @Nze_Jules
    @Nze_Jules 4 роки тому +47

    You have made this journey easier for anyone else hoping to own a home... Thank you❤

    • @OliviazVentures
      @OliviazVentures  4 роки тому +1

      Thank you:)

    • @worldofwisdom617
      @worldofwisdom617 3 роки тому

      @@OliviazVentures I havea mortgage on a house with about 250k in equity, how can I get a loan to tear it down and turn it into a multifamily. Its in one of the hottest markets here in boston ma. Please help me im a newbie and am lost beyond belief.

  • @vh6772
    @vh6772 Рік тому

    Dear lord THANK YOU! I may be broke but I hope to build my home. Every other video talked nothing but about the land and how important it is to like the location. Nothing about loans, what are the first steps, and what to expect!

  • @Spiff178
    @Spiff178 2 роки тому

    They didn't miss..they did it on purpose..mad because your winning 🏅

  • @Panikovskii
    @Panikovskii 2 роки тому +13

    Oh my! You are amazing! Pure information. No huffing and puffing like those guys selling their books and online courses. THANK YOU! You are a huge help in this research process! Subscribed.

  • @MsTbaker09
    @MsTbaker09 Рік тому +2

    Wow the appraiser really tried to get you, that takes me back to redlining and I wonder if that was done intentinally or was it really an error.

  • @jessenovotny4183
    @jessenovotny4183 2 роки тому

    You're great at speaking with the camera. Thanks for putting this together!!

  • @zansei1
    @zansei1 2 роки тому

    The appraiser was trying to short you. Thanks for the info.

  • @kingpl8
    @kingpl8 3 роки тому +34

    Great video! I got approved not long ago for a construction to permanent loan. Interest rate at 3.115% Just waiting on my builder to get builders risk insurance so the bank can give me a closing date! 🙏🏼

    • @ToddTramonte
      @ToddTramonte 2 роки тому +2

      @kingpl8 Who is the lender on that one? Thanks!

    • @ebervazquez9098
      @ebervazquez9098 2 роки тому +1

      Who is lender please?

    • @kingpl8
      @kingpl8 2 роки тому

      @@ToddTramonte hello, Trustco Bank!

    • @kingpl8
      @kingpl8 2 роки тому +1

      @@ebervazquez9098 Trustco Bank!

    • @MA-yv8dw
      @MA-yv8dw 2 роки тому +1

      Soooo how is things😍?

  • @Lidu12004
    @Lidu12004 Рік тому

    Thank you so much for this video- I sure learned a lot from you. I feel more confident in moving forward with my dream home.

  • @pix3l_brat
    @pix3l_brat 2 роки тому

    I love this educated woman 💓 we need more women taking charge of things like this

  • @carolkiara9998
    @carolkiara9998 2 роки тому

    We are in the process of building a home! And I was googling new construction home must knows, and that’s how I found you!
    Listening to you talk explain the construction loans I wondered if you were from Uganda (I am)! So I visited your channel and now I have binge watched 5 videos. I love your big beautiful home! Your children are beautiful
    Congratulations to your hard work

  • @Jordale3366
    @Jordale3366 Рік тому

    Excellent video and more to the point

  • @110315Rs
    @110315Rs Рік тому

    Amazing job with details 👏

  • @NabukaluRebecca
    @NabukaluRebecca Рік тому

    U inspire me may God contuine to bless u

  • @monicarenee7949
    @monicarenee7949 3 роки тому +7

    Also wanted to add, not sure if you’re aware how often blacks in America get under-appraised for houses, but your experience is a prime example of the problem. I’m so glad you appealed and won the appeal. The fact the appraiser “forgot” to mention those items and comped using older houses is a common tactic that is done to black people. It’s sick that we even have to be so diligent when people should do their job regardless of race.

  • @seddymogul5823
    @seddymogul5823 Рік тому

    I own my land debt free. The new home I plan on building will definitely be the most valued on the block. Nothing crazy just a single family home with an in law in the back of it

  • @rozwalkerstylist
    @rozwalkerstylist 3 роки тому +7

    Thank you for a thorough transparent understanding of building a home. I found you through Erin on Demand. Best wishes for a happy, healthy, prosperous life!

  • @monicarenee7949
    @monicarenee7949 3 роки тому +17

    This is the perfect amount of information and very detailed explanation! Just what I was looking for, thank you!
    P.S. congrats on securing all that land and what seems like a very nice house! Wow, an elevator and pool, sounds lovely!

  • @heebahobba5838
    @heebahobba5838 3 роки тому +3

    I have my first borrower coming into my office this week for this kind of loan product. Thanks for the content, much appreciated!

  • @chrisbattung3104
    @chrisbattung3104 3 роки тому

    Like the slides

  • @latonyasaffor152
    @latonyasaffor152 Рік тому

    Excellent explanation...so simple to understand. Thank you!

  • @opheliahughley9550
    @opheliahughley9550 2 роки тому

    Thank You so much. This was easy to follow and all questions answered.

  • @summer270
    @summer270 2 роки тому

    I wish I understood this all😢 that would be great if you filmed all the process. Thank you

  • @lynn6lee
    @lynn6lee Рік тому

    Thank you for your content!!

  • @Tabby09
    @Tabby09 2 роки тому +2

    Thank you for the video! We bought 8 acres and close on our construction loan next week! We should break ground in about 3 months. It has definitely been a journey buying land during covid times for sure! Many blessings to you along your journey!

    • @5stars976
      @5stars976 2 роки тому

      I bought 2 acres close yesterday

    • @d1ndark25
      @d1ndark25 2 роки тому

      What are your interest rates looking like currently?

  • @iwal1645
    @iwal1645 3 роки тому +1

    I love plain talk, you explained it so well. Thank you, you have a new subscriber.

  • @JordanClemons
    @JordanClemons 3 роки тому +10

    I want to have a container home, this is highly important and informative

    • @OliviazVentures
      @OliviazVentures  3 роки тому

      Thank you:)

    • @Openminded4life
      @Openminded4life 3 роки тому +1

      I thought and looked into containers but in CA might not work so I'm now thinking about modular homes.

  • @sandraokoro6754
    @sandraokoro6754 2 роки тому

    Interesting video I learnt alot

  • @tamikaesperson6295
    @tamikaesperson6295 3 роки тому +34

    Awesome video! Very informative. We just bought our first 2 acre lot in CA & you taught me so much. I had to subscribe. I hope many blessings for you, your family & your dream house. Thank you for sharing.

    • @OliviazVentures
      @OliviazVentures  3 роки тому

      Congratulations and good luck on your new build:)

  • @NnaAniPas
    @NnaAniPas 2 роки тому

    This is awesome.

  • @musawenkosimakhoba9028
    @musawenkosimakhoba9028 2 роки тому

    Lovely how simple u explained

  • @ADThaGHOST
    @ADThaGHOST Рік тому

    Do you have videos for builds of multi unit properties

  • @marcellasphotos
    @marcellasphotos 3 роки тому

    Very good video

  • @j.a.r.family2576
    @j.a.r.family2576 2 роки тому

    my wife and I want to buy land and build in Georgia. thank you for your help

  • @christianpien
    @christianpien 3 роки тому +2

    Can't wait to see your dream come along.

  • @kitessemakit
    @kitessemakit 2 роки тому

    Thank you.

  • @mrs.c5265
    @mrs.c5265 2 роки тому

    Thank you so much, GOD bless you abundantly more 🙏 ❤

  • @alfredonolasco3527
    @alfredonolasco3527 Рік тому

    Thanks for the info it really helps me learn 😅😅

  • @stepp1655
    @stepp1655 4 роки тому +7

    Hello how are you doing you are awesome and full of knowledge I just discovered you on episode 18 on how to get a construction loan I am going to watch all your videos and contact you for more advice thank you so much keep up the awesome work.

  • @walkthetalk9257
    @walkthetalk9257 3 роки тому +8

    I watched you when you talking about finding land. I am so appreciative that you are so open in discussing these information. I am 5 years from retirement but I want to build a dream home/retreat center. I love this. I am at the beginning stage. I did not find land as yet. Is there a disadvantage in getting your land together with the construction loan application.

    • @OliviazVentures
      @OliviazVentures  3 роки тому +1

      Absolutely not, we just focused on getting land fast, if I were to do it again, I may have started on the plans while I was looking for land:)

  • @dianalozada189
    @dianalozada189 2 роки тому

    Great video, thank you!
    I would
    like to learn about how/when to approach the township, the blue prints approval, how to obtain the permits to build, what does the township look for before approving the constructio etc. I know every township is different but some general information will be extremely helpful.
    .

  • @dominiquebanks9657
    @dominiquebanks9657 2 роки тому

    Great information 👍🏻

  • @ninaburke7317
    @ninaburke7317 2 роки тому

    Very informative!!

  • @violetmaid
    @violetmaid 3 роки тому

    My wife and I are in full research mode. We are looking to buy land to build a single-family home in either Oregon, California, Washington or Nevada, in the next year or two with a USDA construction loan.
    Our current plan is to find a piece of land that works for us, get a conventional loan based on our current debt to income ratio to buy it, and start making payments. Once we have gotten our debt-to-income ratio back to where it needs to be, we want to find a lender and builder for the area. The DTI ratio is our biggest challenge. We are on a guaranteed fixed income of 20,000 and we have student loan debt we are paying down. Our Credit is 700+ and we think we can raise 4,000 before we get started.
    Any and all advice is welcome
    Thank you
    Michelle and Christy Wear

  • @noodlepair.
    @noodlepair. 2 роки тому

    You answered all my questions thank you. 😊

  • @jamesh6441
    @jamesh6441 2 роки тому

    Best video I’ve seen on this subject!!! Great job, very thorough

  • @maximilin8381
    @maximilin8381 Рік тому

    Thank you so much ❤

  • @aovoonthefarmsouthernillinois
    @aovoonthefarmsouthernillinois 2 роки тому

    Nice video.

  • @nzamul1446
    @nzamul1446 2 роки тому

    You are amazing. Breath between your lines. I can understand perfectly but factor in your accent. I have one just pointing out something. Good job I'll hit the subscribe and like your videos. Hugs and Gods love.

  • @dempseydoodle2010
    @dempseydoodle2010 3 роки тому +2

    Thank you for this, I'm hoping to get land later this year or early next year to build on eventually. Finding info about the process is stupid hard.

  • @valerieandiamondsister.sis8956
    @valerieandiamondsister.sis8956 2 роки тому

    Thanks 🙏 so so so much

  • @horse3357
    @horse3357 2 роки тому

    This was very helpful
    Thanks!!!

  • @KingReacts.777
    @KingReacts.777 3 роки тому

    This Video was so informative. I love the accent, you have a new subscriber.

  • @girbaux
    @girbaux 3 роки тому +1

    Do you have a video of best banks that approves construction permanent loan?

  • @syndimail
    @syndimail 2 роки тому

    This helps me so much! Thank you for posting!

  • @06Kabal
    @06Kabal 3 роки тому +4

    Yes sister! My wife and I are trying to build our forever homes and we are quickly realizing that it is much cheaper to buy a preexisting home...but when u don’t plan on ever selling it, it’s well worth the extra costs to get exactly what you want.

  • @arifsjc7670
    @arifsjc7670 3 роки тому +2

    Very good and useful info and thanks for listing bulleted items in video.
    Good that you asked viewers to actually login and hit the LIKE button, or I'd have just gone to next video. Since you made the effort to bring this video to us, I can at least honor your request. Subscribed!

  • @zayvier69
    @zayvier69 3 роки тому +6

    Do you have a video discussing finding and owning land with gas rights? How lucrative it is?

    • @OliviazVentures
      @OliviazVentures  3 роки тому +3

      Will be posting a video about this soon!

    • @zayvier69
      @zayvier69 3 роки тому +2

      Can you discuss the average monthly or average income generated from your home health, tourism safaris, and dress shop? Were these large income generators? Did you sell them when you were done and moved on? What entrepreneurial work you pursued finally allowed you to enter the 100’s of thousands of dollars revenue? What eventually was the work that made you wealthy? Was it the jump to real estate? Where did the money to get into your first property and each property after that come from?

  • @Venus_ismy_realname
    @Venus_ismy_realname 2 роки тому

    This was very valuable and helpful! Thank you 🙏🏾

  • @thelemusfamily9
    @thelemusfamily9 3 роки тому

    Thanks for this video

  • @ForeverATAHJHEE
    @ForeverATAHJHEE 2 роки тому

    You are my role model 🤩What state or country are you guys in?

  • @maryromero4375
    @maryromero4375 2 роки тому

    Great video! Really helpful. Thank you!

  • @georgejenkins3676
    @georgejenkins3676 3 роки тому +1

    can you explain a little more about using the equity to pay for the mortgage of a construction to permanent loan.

  • @srasti3723
    @srasti3723 Рік тому

    Great information, regarding locking the rate , you need to lock the rate one for the construction side and another lock for the mortgage if you are going for construction to permanant? also, do you lock them at the same time?

  • @roses4me451
    @roses4me451 3 роки тому +1

    Hello Olivia! So glad I found this video today. My next home will be custom built and I'd like about 4-5 bdr, 3-4 ba, 3-5 thousand sq ft., 3 car garage, 5-7 acres, cul-de-sac, etc. I just looked at your home on Facebook. WOW!!! We've got to talk! This was a very informative video. I've subscribed. Thanks for sharing!

    • @OliviazVentures
      @OliviazVentures  3 роки тому +1

      Awesome, am so glad you found value in it:) Good luck on your future custom build ♥️

  • @neetcampbell4
    @neetcampbell4 2 роки тому

    Thank you Olivia very informative information!! Very detailed keep it coming liked and subscribed

  • @ginger_breadman
    @ginger_breadman 2 роки тому

    Awesome tips and financial advice!

  • @svca12218
    @svca12218 2 роки тому

    What a great video! completely useful information! Keep them coming! subscribed!

  • @timeoutwithtracii3374
    @timeoutwithtracii3374 3 роки тому +1

    Thanks so much for this information !! I’m in the process of coming up with a budget and plan so I can build my house in the next 2 years . 🙂🙂

  • @aaronhardy3348
    @aaronhardy3348 3 роки тому +4

    I’d love to see the process of going from the raw land to construction ready. Also info on what that cost for that type of acreage.

  • @willharris7134
    @willharris7134 3 роки тому

    Thank you for this information

  • @MrsTee2U-
    @MrsTee2U- 3 роки тому

    WOW!! Just stumbled across your video for the 1st time. Great information you've shared with us. I need to go bk and start from EP 1: How to Buy Land, and then work my way up to the current episode in your series. My husband and I hope to start building here in US next yr. Currently, we are in the building process overseas in Nigeria right now. Which is TOTALLY different than building here in the states. Your videos will help us in the building process in US. Thank you again for all the useful info!!

    • @OliviazVentures
      @OliviazVentures  3 роки тому

      Thats awesome, congratulations on your build in Nigeria and good luck on your future US build:)

  • @johannawebley4101
    @johannawebley4101 3 роки тому +2

    appraisers are shaddy and often undervalue homes, especially for minority home owners

    • @LBright4444
      @LBright4444 3 роки тому

      Yes. This is true. Unfortunately racial bias is robbing ppl of color.

  • @shas7263
    @shas7263 3 роки тому +1

    Great Content. Thank you.

  • @SSMindSeeKING
    @SSMindSeeKING 3 роки тому

    Thank you for sharing this... Very informative.. 🙏🏽🙏🏽💙💙💙

  • @Gooddog1
    @Gooddog1 3 роки тому

    Congratulations, great information, I'm starting to look for builders myself.

  • @yolandalovelace6892
    @yolandalovelace6892 3 роки тому +7

    Thank you suga!! This really helped. Broke it down so effortlessly and answered so many of my questions, concerns worries everything. New subbie here. Love the content and details within thank you ❤

  • @respeckmusic
    @respeckmusic 3 роки тому

    This is great content I appreciate u. I learned alot about building contracts

  • @selaw21
    @selaw21 3 роки тому

    Thank you so much for this video.

  • @cartercoffin3679
    @cartercoffin3679 3 роки тому +1

    Really concise and useful! Are you building a stadium? 😉

  • @chancecooper4006
    @chancecooper4006 3 роки тому +2

    I bought 20 acres 2 years ago. It will be paid off in 2 years. Then we will build retirement home.

  • @orlandomarin1252
    @orlandomarin1252 4 роки тому +1

    Thank you!!! Keep them coming!!!

  • @dizzyguy-y21
    @dizzyguy-y21 4 роки тому +2

    You give such great info. You have been very helpful in informing me of what we should be aware of in our custom homebuilding process. Thank you!

  • @carltonwatkins14
    @carltonwatkins14 4 роки тому +1

    Big THINGS!!!🙏🏾🙏🏾💪🏾💪🏾💯💯

  • @mashalsalt3981
    @mashalsalt3981 3 роки тому

    THANK YOU!

  • @janejacksonjackson5157
    @janejacksonjackson5157 3 роки тому

    Good info and educational thank you

  • @sbillips753
    @sbillips753 3 роки тому +1

    Very good info. We have some land that we are getting ready to build on soon. So excited! I was a little overwhelmed when googling info about construction loans. But you have made it a hell of a lot easier to understand. Thanks for the video.

  • @cmack5713
    @cmack5713 3 роки тому

    Great video your awesome!!

  • @mulikatade
    @mulikatade 3 роки тому +1

    What about discussing buying some acres of land, sub dividing it into some plots to build individual homes? Put simply to build a private gated estate for 5 families? Can we get construction loan and can we achieve this?
    Thanks

    • @imtrue2me569
      @imtrue2me569 3 роки тому

      This is my thought and goal for my immediate family.

  • @sabrinacampbell1009
    @sabrinacampbell1009 3 роки тому

    I really enjoy your content. Very well done.

  • @robertcapara4784
    @robertcapara4784 4 роки тому +1

    Thank you for the info...I love the videos....keep them coming

  • @tracybrooks3732
    @tracybrooks3732 4 роки тому

    Very helpful. Also excited to see things come together

  • @brittanyhenton1131
    @brittanyhenton1131 3 роки тому +1

    Thank you for such valuable information! I am in the brainstorming stage of looking to buy land and build a indoor basketball court on the land as well as live on the land. This would count as land where I’m building or investment purposes correct? I’m sure your extremely busy but some information on buy land and building a structure on it for business purposes would be awesome! Thank you again you have no idea how much it helps when great people like you help to educate people!

    • @OliviazVentures
      @OliviazVentures  3 роки тому

      Thank you Brittany, can you send me a private message on my instagram or facebook, I would like to help but need alittle more information. I invest in both commercial and residential so I want to make sure am giving you the right information depending on your circumstances:)

  • @chmada
    @chmada 3 роки тому

    you are awesome!...thank you

  • @elaile
    @elaile 3 роки тому

    New subscriber ! Good content 👏