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New Construction Home Loans: The Key to Unlocking Your Clients' Dreams

New Construction Home Loans: The Key to Unlocking Your Clients' Dreams
Posted on March 30, 2024

As a real estate agent, you're constantly seeking ways to expand your offerings and cater to evolving market trends. New construction home loans present a lucrative opportunity to empower your clients, whether they're established home builders or individual investors embarking on a dream project.

Understanding New Construction Loans

Unlike traditional mortgages, new construction loans are short-term financing solutions specifically designed for the construction phase of a new home. 

These loans cover costs like land acquisition, permits, materials, and labor. Typically, funds are disbursed in stages based on the completion of specific construction milestones, ensuring responsible use of the loan.

Benefits for Your Clients

By mastering the intricacies of new construction loans, you become a valuable asset to your clients:

  • Financing Flexibility: Equip home builders with the capital needed to take on new construction projects, fostering business growth.
  • Dream Home Realization: Guide individual investors through the financing process, helping them turn their dream home into a reality.

Partnering for Success

The right lending partner can make all the difference in securing new construction loans for your clients. Look for a lender that offers:

  • Loan Expertise: A team well-versed in various new construction loan programs tailored to different project needs.
  • Streamlined Process: Guidance through the application process for a smooth and efficient experience.
  • Fast Closings: Expedited loan approvals so your clients can capitalize on time-sensitive opportunities.

Become a New Construction Champion

By partnering with a knowledgeable new construction loan specialist, you empower yourself to become a true advocate for your clients:

  • Navigate the Complexities: Confidently guide clients through the intricacies of new construction financing.
  • Secure Optimal Solutions: Identify the most suitable loan options for each client's specific needs.
  • Maximize Client Success: Help clients achieve their new construction goals and unlock the potential of their dream project.

Fuel Your Business Growth

Don't let new construction loans be a hurdle for your clients. Partner with a lender who understands the nuances of new construction financing and is dedicated to your success. With the right partnership, you'll be well-positioned to help your clients navigate the exciting world of building their dream homes.

Powerful Financing for Your New Construction Clients:

  • Shovel-Ready Focus: We specialize in new construction loans for builders with land prepped and ready to build, or teardown projects ready for a refresh.
  • Project Flexibility: Our loans are ideal for a variety of new construction projects, including spec houses, model homes, infill development, teardowns, and even subdivisions.
  • High Loan-to-Cost & Loan-to-Value: Access financing up to 85% of the total project cost (LTC) and 70% of the completed property value (LTV).
  • Loan Amounts to Fit Your Needs: We offer loans ranging from $100,000 to $3 million to accommodate various project sizes.
  • Tailored Loan Terms: Choose from flexible loan terms of 13, 19, or 24 months to best suit your client's project timeline.
  • Non-Recourse Options Available: Mitigate risk for your clients with non-recourse loan options (where available).
  • Interest-Only Payments: Minimize upfront costs with interest-only payments on drawn funds. Clients only pay interest on the portion of the loan they've used.

Building to Rent Made Easy:

Empower your builder clients to capitalize on the booming build-to-rent market with our innovative products. Our streamlined financing process is simple saving them time, money, and hassle.

  • Build & Rent with Confidence: We offer financing for both the construction phase and the permanent financing for the rental property, all in one loan package.
  • Single or Portfolio Financing: Whether your client is building a single property or an entire rental portfolio, we have the loan options to suit their needs.
  • Fast & Efficient Closings: Experience fast and simple closings on both the construction loan and the permanent rental loan, keeping your clients on track.
  • Flexible Construction Terms: Choose from 13, 19, or 24-month terms for the construction loan to match your client's project timeline.
  • Long-Term Rental Financing: Select from 5, 10, or 30-year terms for the permanent rental loan, providing long-term stability for your client's investment.

Empower your builder clients to focus on what they do best – creating exceptional homes. Our in-house team will handle the financing seamlessly, ensuring exceptional customer service, timely payments, and a straightforward loan process. We prioritize your success, so let's build something great together. Contact us today to learn more about our construction loan solutions!

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