The One-Time Close New Construction Loans offer borrowers significant time and cost savings. With only one set of closing costs to cover, borrowers can avoid settling and enjoy the home of their dreams. A low down payment of only 5% makes new construction more accessible, and there is no need for a second approval. Additionally, borrowers can take advantage of the "float down" option to secure a lower interest rate if the market changes or stay locked in no matter how the market moves. During the build period, borrowers can also enjoy lower interest-only payments. The One-Time Close New Construction Loans offer a way to reduce out-of-pocket expenses, as borrowers do not have to pay for the build and then get a mortgage; the mortgage pays for the build. Contact us today to learn more about this seamless and professional financing option. (700 FICO Score Required to Qualify)
The One-Time Close New Construction Loan levels the playing field for builders and contractors, providing more freedom to build unique dream homes for clients. This loan option also allows for faster payment, as cash is available for labor and materials as soon as the loan is closed. By eliminating the need to pay for the build upfront and then find a buyer, builders and contractors can save on expenses. The One-Time Close New Construction Loan offers a faster and easier way to help buyers get into the home of their dreams while streamlining the purchasing experience. This can lead to new opportunities for referrals, ultimately growing your business. Contact us today to learn more about this ideal financing option for builders and contractors.
The recent drop in the FHA MIP funding fee presents an opportunity for potential buyers seeking to use FHA financing as a purchase option. This decrease in pricing makes FHA financing more competitively priced with conventional loan pricing. As a result, borrowers can enjoy more savings, and in some cases, it could mean the difference between qualifying and not qualifying for a home loan. Additionally, this drop in pricing means that a lower down payment may be required, making it even more appealing for those considering FHA financing. To learn more about qualifying for FHA financing, please contact APPROVED FINANCIAL MORTGAGE PLLC and apply today. Your pre-approval is waiting for you!
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