 |
Other Resources and Info: |
5 Steps to Building Your Home
Read More...
Our Current Projects
More...
Try Our Loan Calculator
Here...
Residential Financing Options:
Read More...
|
 |
Residential Financing Options |
 |
|
Residential
Financial Options:
|
- » First, we can build your home on your land.
- • The bank will usually require you to have 20% equity in the project. This means that you must either put it down in cash, or have equity in the land you have by either the cost or rising prices of land or by having paid the loan down to a value that contains the equity you need.
- » Second, we can obtain land, build your home, and sell the entire thing to you.
- • This is a strategy utilized by people who cannot afford to put 20% down to build. Banks will sometimes lend up to 100% on existing homes. Some may require 10-15% down to purchase a home. It all depends on your credit. By utilizing this strategy, you are purchasing the home you want, where you want from us and not technically building – Thus not requiring the 20% down.
- » Third, we can add to your existing home.
- • There are lots of people who love the location of their home, but they do not like the house or it is simply too small. We can add rooms, remodel the existing and it looks and feels like a new home! Usually, after living in your home for a few years, you will have accumulated the equity to borrow against and not need money down.
|
|
|
 |
 |
|
