Buying a home using FHA Financing is TOUGH! FHA requires the home that you are buying to be in really good condition and unfortunately, not all the homes for sale are in good condition! The homes that are in good condition seem to be very expensive and/or simply over priced to begin with! The homes that are in good condition and priced right, have multiple offers! Stop me if you've ever heard any of this okay?
FHA Construction to Permanent Loan allows home buyers to build a brad new home using the same Low Down Payment (3.5%) Loan Program they would use when buying an existing home. Contact Us now to Build your very own Brand New Home, YOU gt to pick upgrades and colors! Typical construction time is 4-5 Months from closing. Closing takes approx. 45 days from contract. We try our best to have home buyers into their new homes within 6 months from start to finish.
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Buying a home using VA Financing is tough as well, but not as hard to get the home to pass an appraisal inspection. The same still applies here as it does with FHA home buyers, limited inventory in your price rage and the ones that are in your budget are either in not so good of condition or not enough bathrooms or just a bad location.
VA Construction to Permanent Loan allows Veterans and active duty personnel to purchase a primary residence with 0% Down Payment.
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Conventional home buyers we have not forgotten about you! The days of needing 20% or more to build are over! Enjoy building the home of your dreams knowing that you can now afford to build with a 5% Down Payment financing option.
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Can you say Yes to these simple questions?
Do you have a min. 630 credit score?
Do you have at least 3.5% of purchase price for the Down Payment?
-If not, did you know someone can "Gift" you the down payment!?
Do you have steady, verifiable income?
Do you have 6-8 months time to build a home?