Are banks getting cold feet on construction loans?

I’m a homeowner trying to build a house, I found a bank that will give me a construction loan but they keep missing the preapproval deadlines they’ve given me. I’m starting to wonder what’s going on. Credit score is 800+, current DTI is 9%, so I don’t think it’s an issue with my finances.

Are lenders getting cold feet right now on construction loans because they’re worried of a housing market crash?

submitted by /u/ATDoel
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I’m a homeowner trying to build a house, I found a bank that will give me a construction loan but they keep missing the preapproval deadlines they’ve given me. I’m starting to wonder what’s going on. Credit score is 800+, current DTI is 9%, so I don’t think it’s an issue with my finances. Are lenders getting cold feet right now on construction loans because they’re worried of a housing market crash? submitted by /u/ATDoel [link] [comments]

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