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New Home Construction Loans
New Home construction loans are my specialty. New Home construction loans
allow you to purchase the lot, fund the construction of your home
using a
new home
construction loans product combined with your permanent loan and close only
once, saving closing costs. I am a mortgage broker focused on new home construction loans and represent 22 of the largest new home construction lenders. As a new home construction loans broker, I work for my customer and not the new home construction lender, taking time to appreciate your situation and placing your new home construction loans with the lender who matches your requirements. I give you impartial advice and backing throughout the procedure. New home construction loans are a specialized product and most brokers do not have the knowledge to guide you through this multifaceted process. This is fundamental new home construction loans information but please call to discuss your individual project. At a basic level, new home construction loans offer two types of product characterized by how they base rates during the construction phase. I refer to these approaches as “One Step” and “Two Step”. Email any questions on new home construction loans
This article is focused on new construction loans, if you are interested in renovating an existing home please go to my renovation loans page. If you have owned your lot for 1 year, or if you have documented improvements to the land, we can use this equity to meet your down payment requirement or create an interest reserve account. One of my preferred lenders has reopened their lending division. You can modify into the incredibly flexible Cash Flow Loan. I have a newsletter covering them, and a construction FAQ is free. I have a list of documentation needed. There is a page detailing construction loan fees. I have also incorporated information on the specialized areas of log home, modular home, or timber frame home financing. I have detailed information on extended interest rate locks with a float down option. I have a page on calculating mortgage ratios. If you are not ready to build but have found the perfect lot. The new Purchase Plus Lot Loan can save you a great deal of money. Learn more about investing As a Certified Mortgage Planning Specialist, I offer an analysis of your situation today can make suggestions on how small changes in how your debt is structured today can have a life changing effect in the years to come. Read more about this free, no obligation service.
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