Custom Home Financing

Custom Home Financing

There are a few different ways to finance the construction of your new home. Below are the three most common financing options.

Traditional Financing

Traditional financing is typically used when you purchase a home in one of our new construction communities. Buyers choose the lot, the floor plan and custom features but do not close until the home is complete. Once the home is ready for occupancy, the buyers purchase the home with a traditional mortgage.

Construction-To-Permanent Loan

Construction-to-permanent loan financing is an all-in-one option that allows you to purchase land or integrate the land you already own and build your home. Once the home is complete, your construction loan will transition to a permanent mortgage. It is important to research various lenders for the best construction loan programs. Not all banks offer this type of loan as it is a small percentage of the mortgage market. If you need help finding a mortgage broker who specializes in construction loans, we are happy to provide a list of vendors we have worked with in the past.

Single Lot Program

We can purchase the land of your choosing and fund the construction loan through our lender. Before we purchase the land, buyers must get pre-qualified with one of our preferred lenders. Once under contract, the buyer then applies for a traditional mortgage and closes once the home is complete.

For more information on financing your new construction home or to get pre-qualified, contact one of our preferred lenders.