Find Your New Construction Lending Expert
The right loan is about more than the rate. Construction timelines, rate locks, builder incentives and closing costs all matter. A lender who understands new construction can help you compare the numbers and ask the questions that matter.
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The Builder's Incentive Isn't the Whole Story.
A builder may offer closing-cost assistance, discount points or a lower rate. The real question isn't what the builder is offering, it's what the offer actually saves you.
Your Lender Should Work for You.
The Rate and the Incentives
A builder may have a preferred lender with attractive incentives, but you should understand your options, what rate you're actually receiving, for how long, and what's required to get the incentive.
The Timeline
Your home may take months to complete. During that time, rates and your financial situation can change, know how the construction timeline affects your financing and your rate lock.
The Fees and the Long-Term Cost
Look beyond the interest rate. Compare APR, points, lender fees, closing costs and the complete financial picture, not just the payment you see today.
Frequently Asked Questions
New Construction Financing Takes a Different Kind of Understanding
Buying a new home isn't always as simple as getting a mortgage and closing. The home may not be finished yet. The builder may offer incentives. Your closing date may change. Interest rates may move. And the financing option that looks best on paper may not be the best fit for your situation.
A new-construction lending expert can help you understand:
- Which loan programs may fit your situation
- How builder incentives actually affect your costs
- When and how your rate can be locked
- What happens if construction is delayed
- How estimated closing costs may change
- What cash you'll need at closing
- How your monthly payment could change
- Whether you're comparing the complete cost, not just the interest rate
The lowest advertised rate isn't always the lowest-cost loan.
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