A Construction-Permanent loan is when a lender provides financing for the actual building of the home (the construction portion) and the end financing when the home is complete (the permanent portion). The lender provides draws to a builder to build the home and the buyer pays interest on the draws that are released. The draw schedule is based on the cost-breakdown the builder provides. The lender will qualify the buyer upfront based on the total loan amount.

We have access to Conventional, FHA and VA construction loans through local lenders with as little as 6.5% interest during construction that modifys into the 30 or 15 year term mortgage at closing.

Exclusive Owner Will Carry financing. (subject to terms and conditions) The term "owner carry" refers to a form of financing in which the seller carries the mortgage (lot purchase) for the buyer instead of accepting cash in a sale transaction. The buyer is able to negotiate the terms of the seller-financed loan, making the entire transaction more flexible. Down payment, interest rate and number of years can be spelled out in the offer. In addition, the cost to close a seller-financed loan will be much less than a bank-generated loan because it will not have origination, processing or underwriting fees.

Dos and Don'ts During Escrow

• Do not make any deposits without checking with your loan officer.
• Do not purchase furniture or appliances on credit prior to close of escrow.
• Do not have any NFS's (Non-sufficient Funds) on your bank account.
• Do not change jobs, quit your job or become self-employed during the loan process.
• Do not buy a car.
• Do not use a charge card, store card or make any late payments on a credit card.
• Do not spend money you have set aside for closing.
• Do not omit debts or liabilities from your loan application (such as child support or student loans).
• Do not originate any inquiries on your credit.
• Do not change bank accounts.
• Do not co-sign for someone.
• Do talk to your loan officer or Realtor with any questions or concerns prior to financial action during the escrow process.