How do I Start Arranging the
Financing for the Home Purchase?
It doesn’t matter whether your are buying a home that is pre-existing, buying a home in a new home community or building a modular home. If you purchase a pre-existing home, you simply execute a conventional mortgage, an FHA loan or a VA loan. When you buy a new home in a planned community, you execute a loan many times with a lender who is affiliated with the builder. If you are building a home on your own, you will likely start with a construction loan. Once the home is built, the loan will convert to a traditional mortgage. In planned communities, the builder executes the construction loans on multiple properties and, thereby retains ownership until you go to closing. This sometimes limits your choices and your ability to determine how and when your new home is built. We can work with you on reviewing the financing options that are available, and suggest loan officers who can easily handle these transactions.