by Shari Steiner
Financing for your dream log home is available — it may just take a little extra research and work. Shown here is a children’s bedroom from the Kuhns Bros. Log Homes popular Fishing Creek plan.
g“Good luck,” said a pundit back in the waning days of the last Presidential election, “comes to those who meet challenge with preparation.” Never has that comment been more true than for owners looking for construction financing in today’s lending market. As everyone knows, the home mortgage market has been difficult in general, but starting with the summer 2008 failure of Indymac Bank — the biggest owner/
KUHNS BROS. LOG HOMES
builder construction lender in the country — construction financing has been particularly tough to come by.
The good news is that mortgage fund-
ing of all kinds is slowly becoming more available, and there are still lenders who do log home construction financing. That doesn’t mean it’s going to be easy. It means
“It really is a good time to be buying and
building. Just be sure you can get financing
before you sign any other contracts.”
Mike Cole, national sales managerof M&T Bank’s System Built Lending
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