We have several local Banks that can provide financing for Permanent Mortgages or Construction Perm Mortgages.

There are two methods of financing a new home during the construction phase. The first is for the buyer to obtain a Construction Perm Mortgage. This type of financing allows the buyer to finance approximately 80% of the lot cost and the construction cost during the construction phase. Once the house is finished and we have obtained the Certificate of Occupancy the loan will automatically convert to a permanent mortgage. This saves you on duplicate expenses such as closings costs, title insurance and extra appraisals.

We have a local bank source that will provide a "locked-in" rate at today's rate for a construction perm mortgage at no additional cost to you. This will eliminate any future rate risk as we are building your home.

The second method is for the builder to provide the financing during the construction phase and the buyer closes on a permanent mortgage once the house is ready for occupancy.

We assume the Construction Perm Method is used under our model pricing. We will be glad to work with you whatever your preference.