Most loan officers with the banks, require owner-builders to submit an itemized estimate in order to secure a construction loan. Embarking on a significant construction project and in need of a residential construction loan estimate?You're in the right place. Want to build in Virginia and the average price is 300k where we are looking to build. This estimation process involves evaluating the cost of labor, materials, and other expenses necessary to complete the construction within a specified duration. Enter your details below to estimate your monthly mortgage payment with taxes, fees and insurance. Not sure how much you can afford? Use this calculator to estimate payments when buying a home in Charlotte, NC, including advanced options such as PITI, PMI, taxes and insurance. USDA Rural Development's Section 502 Direct Loan Program provides a path to homeownership for low- and very-low-income families living in rural areas. Both buyers and sellers pay some portion of closing costs, in North Carolina and every state.