As a home builder, you know that financing is a critical part of the home-building process. It’s essential to offer financing options that are accessible, affordable, and streamlined. That’s where our one-time close home builder financing program comes in. In this blog post, we’ll explain how our program works and what benefits it offers to you and your clients.

How it Works

Our one-time close home builder financing program is designed to provide financing for the construction of a new home. Unlike other financing options that require multiple closings and disbursements, our program offers a one-time close. The close happens before construction begins, and the funds are held in escrow until needed for construction.

To get started, your clients will need to apply for a loan, which follows the same process as a normal mortgage loan. We’ll work with them to complete the application process, which typically involves providing information about their income, credit score, and the estimated cost of the home build. Once they’re approved, we’ll close on the loan and disburse the funds to you, the builder, as needed during construction.

Benefits of Our Program

There are many benefits to offering our one-time close home builder financing program to your clients. Here are just a few:

  1. Simplified Process – Our program offers a simplified financing process that eliminates the need for multiple closings and disbursements.
  2. Fixed Interest Rates – Our program offers fixed interest rates, which can provide your clients with financial stability and predictability during the construction process.
  3. Interest Rate Float Down – Our program includes an interest rate float down during construction, which means your clients can take advantage of lower interest rates as they become available.
  4. Reduced Risk – By offering a one-time close, our program reduces the risk of cost overruns and delays that can occur with other financing options.
  5. Expertise and Guidance – Our team has years of experience in the construction and finance industries, so we can provide expert guidance and advice throughout the process.
  6. Streamlined Payment Process – Our program provides a streamlined payment process that helps you manage your cash flow and focus on building your clients’ dream homes.
  7. No Need to Use Your Line of Credit – With our one-time close home builder financing program, you don’t need to use your line of credit. This reduces your balance sheet and frees up your credit for other projects or emergencies.

Conclusion

Our one-time close home builder financing program offers a range of benefits that can make the home-building process more accessible, affordable, and streamlined for your clients. With a simplified financing process, fixed interest rates, an interest rate float down during construction, reduced risk, expert guidance, a streamlined payment process, and the added benefit of not needing to use your line of credit, we’re here to help you and your clients build their dream homes. Contact us today to learn more about our program and how we can help you succeed as a home builder.