Found 3 blog entries tagged as new construction.

FHA Construction Loans Offer Affordability and Flexibility

Most banks and lenders will lend up to 80% or less on a construction to permanent scenario.  But for borrowers in NC and SC, we have great options for building a new dream home.  We combine the flexibility of an FHA loan with the benefits of construction financing.  FHA construction loans allow land owners to build a custom home, often with no down payment necessary.  There are some additional requirements when comparing FHA construction loans with using FHA to buy an existing home.  Currently there are rules which require ownership of the land for 6 months.  Prior to ordering the FHA case file number, the land must be owned for 6 months.  Check out the reasons to call us for building…

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Top 5 Things to Consider When Buying a Home

Buying a home can be a daunting process. Don't get overwhelmed, Check out these helpful tips:

  1. Visit the Home at Different Times of Day- The best way to see what it would be like to live a particular neighborhood is to ride through the area at different times of day. This will allow you to see how quiet or how busy the area truly is.
  2. Look at the Crime Report- Most local police offices can provide you with the crime statistics, but there are also many online resources you can use. The website: https://www.crimereports.com/ This site allows you to search by zip code. 
  3. Test Your Commute- Nothing can negatively affect the joy you'll receive from a property more than a long commute time. Weekend…

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Construction to Permanent loans with little to no money down in NC, SC, & VA


Low to no down payment VA and FHA construction perm loans

Low to no down payment VA and FHA construction perm loans

Finding a construction loan is very difficult today and almost impossible to find over 75 – 80% of the value.

Well, we offer a one-time closing VA and FHA construction to perm mortgage loan to meet this huge need in Virginia and the Carolina’s. Low to no down payment construction perm loans are very much needed and we fill that need for our clients and homebuilders.

We offer the following for construction perm products:

VA construction perm with 100% financing.

FHA construction perm up to 96.5% financing.

Extended rate caps up to 270 days with a rate float down option prior…

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