This craft we love so much – the craft of timber framing – has certainly seen its ups and downs over the centuries. It came over the pond with the Colonials and stuck around for quite a while, at least until the early twentieth century. By the early 1900s timber framing was a memory as consumers turned to “stick” homes and kit structures. Then the late 1970s happened…
Without any prior knowledge, it would be easy to assume that building a timber frame home is the same as any custom home. While there are some similarities, it’s really like comparing apples to oranges. Considering the extra production, craftsmanship and materials that go into a timber frame home, the process becomes much more complex, but it can be done!
Not just anybody can walk into a bank off the street and qualify for a loan—especially since the banking crisis in 2008. Banks now use stricter qualification processes to approve individuals for home loans to reduce foreclosure and delinquency rates.
This isn’t a bad thing, but it does mean that you should understand the basic qualifications for a home loan. Most loan officers are going to look at these four things.