In your experience, what are the most common financing challenges that arise when buyers wait until after signing a construction contract?
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One of the most common challenges is discovering that the buyer's budget doesn't align with their loan qualification amount. We've also seen issues related to credit score changes, debt-to-income ratios, insufficient cash reserves for closing costs, and misunderstandings about construction loan requirements. When buyers engage with a lender before signing a contract, these potential obstacles can often be identified and addressed early, helping to avoid delays, contract modifications, or financing surprises later in the process.