Advantages of new construction
Custom Built Home
Nothing can beat getting to make all the decisions about your new home. Would you like to upgrade the kitchen to granite countertops? What type of flooring? How about deciding on the layout that works best for you and your family.
Low down payment option
This program allows you to build your custom home with only 10% down. Many other new construction programs require 20%+. The value of your land may also be used for the down-payment.
Get your dream home
With housing inventory currently very low, why settle for just what is available. Use new construction to buy your custom dream home.
Choose your own builder
No need to rely totally on the model homes that are on the market. You can use the builder of your choice to help build your dream home.
About the program
Payment and term
Interest only payments on amount advanced. The loan is a 9 month term.
Loan Amount of $50,000-$200,000 : 5.50%
Loan Amount of $200,000-$417,000 : 4.50%
Loan Amount of $417,001+ : 4.75%
Other charges and information
Flood determination fee of $14, Inspection fee of $150, Administration fee of $20, Title Work and Recording Fees, .50% origination fee
A custom home is one that you design and then build
The possibilites are endless
New construction Loan
If you are not interested in buying an existing home and would rather build something custom built rather than from a home developer. Then the new construction loan is the program for you. With a low down-payment this program makes your custom built dream home a reality. There are two different options we offer for financing new construction:
- 10% Down Conventional New Construction
The equity in the land you want to build on may also be used for the required down-payment on these products.
Rehab and Renovation loans allow you to purchase or refinance any home into the home of your dream. They offer cost effective financing options to improve the property. There are many different programs available.
- FHA 203K – Only 3.5% down-payment required. In many cases a certified HUD consultant is not required. Most structural and cosmetic projects are eligible.
- FannieMae HomeStyle – Up to a maximum of 50% of the homes after improved value is eligible. Available for purchase or refinance. Minimum 5% down.
- EZ “C”onventional – To be used on conventional loans for both appraiser-required repairs or repairs the borrower wants done to the property.
We offer many great financing options to fit your needs.
VA Loans offer military veterans exceptional benefits, including low interest rates and no down payment. This program was designed to help military veterans realize the American dream of home ownership.
A conventional loan is a mortgage that is not guaranteed or insured by any government agency.
Rehab & Renovation Loans
Renovation and Rehab loans allow you to do your home renovations as a refinance or buy that fixer upper.
HARP is a refinance option for homeowners that are “underwater” meaning they owe more on their home than their home is worth.
FHA home loans are mortgages which are insured by the Federal Housing Administration (FHA), allowing borrowers to get low mortgage rates with minimal down payment.
A jumbo loan is one way to buy a high-priced or luxury home. If you have a lower debt-to-income ratio, a higher credit score, and a larger down payment, a jumbo loan may be right for you.
Reverse Mortgages allow individuals 62 and over to convert a portion of their home equity into cash while still living in their home.
What our customers say
“I am grateful, they were able to help us out achieving our American Dream.”Bethsita
“Everyone was very easy to work with. They were easy to reach and responded to questions quickly and clearly. ”Danielle