CONSTRUCTION LOAN - THE BENEFITS
FHA, VA, RURAL AND FANNIE MAE
Building a home has gotten a whole lot easier. Sure there are still paint colors and cabinet pulls to consider, weather delays to sweat over, and a giant punch list at the end of the process to deal with…but the financing? We make it simple with our One-Time Close Construction-to-Permanent loan option. Instead of the two phases typical of most construction mortgage programs where a first closing takes place at the start of building to finance the land and the build, followed by a second closing when the home is complete to put the permanent financing in place, there is just one closing with One-time Close. This one closing arranges financing for the construction, lot purchase (if applicable), and permanent loan, all wrapped up in one loan. With homes selling again and low inventory in many areas, more home buyers are turning to new construction. It wasn’t long ago that construction financing was tough to come by; just offering a construction-to-permanent option all but guaranteed attention from borrowers. We offer better pricing, better product, excellent service and help throughout the process. Your land can be used as down payment or equity, the loans include the land if you don't already have the land!
BENEFITS OF A ONE-TIME CLOSE LOAN
Lower Cost One appraisal, one set of closing costs, one underwriting and approval process. Get rid of the redundancy of a second closing and reduce all of the associated costs, allowing you to obtain very attractive financing. Reduced Interest Rate Risk Rather than having to wait until near the end of the construction phase to lock in a rate for the permanent financing, with a One-Time Close loan, the rate is locked before the single closing, and before construction begins. No buyers nervously watching the market throughout construction. No concerns that a rate uptick could jeopardize final approval. No Payments During Construction. As a buyers you will love this feature - Even though the final financing is in place at the start of construction, payments don’t start until the home is complete. This frees up funds for alternate housing making building a home much more affordable. No Requalification Before the builders break ground the closing is complete, and there is no need for your the borrower to be requalified at the end of the construction phase. This eliminates concern that the appraisal might expire, or something could pop up in underwriting to cause headaches as the buyers are ready to move in to your new home.- Call Now For More Information
We are offering Fha with only 3 1/2 Down this includes the land, VA with Zero Down - Single Family Residences only
www.lenderinaz.com Call Construction Dept for More Details:
Virginia Nickel nmls 282750 -Direct: 602-277-4545 email@example.com