Based on your financial expertise, provide your response or viewpoint on the given financial question or topic. The response format is open.

Basic Info On Construction Loans
Construction loans have an entirely set of rules and factors than mortgages and that's hard to reconcile into one instrument.  Also, I'm guessing the bank would be a bit shy about giving a commitment to a home loan before they have any information about how the construction process is going.  There would have to be a ton of contingencies put into mortgage and they probably can't account for everything.