Step 1 In Building A Custom Home: Financing


CRG Companies' Broker-In-Charge, Preston Guyton, discusses what we feel should be your first steps in the custom building process, as well as the three of the benefits to choosing a construction permanent loan. According to Preston Guyton, your first step towards building a custom home should start with meeting a local lender, especially one that specifically handles construction permanent loans.

First Step In Building Your Custom Home

Are you thinking about building a custom home, but just don’t know where to begin? We get it! The process can be overwhelming, but it doesn’t have to be with a knowledgeable team of local Real Estate Professionals to help you along the way.

What are Construction Permanent Loans?

Also known as a “self-build loan”, a construction permanent loan is a short-term loan used to finance the building of your home which then converts into a permanent mortgage once the project is completed construction.

Top 3 Benefits Of Construction Permanent Loans

These are what we feel are the top three benefits to choosing a construction permanent loan to finance your custom home building project. Want to know more? Please speak to your local lender for more information.

  1. Locked Interest Rate: Choosing a construction permanent loan allows you to lock in your rate so you don’t have to worry about it increasing during construction.
  2. Only One Closing: There is only one closing before construction starts and you have 12 months to complete construction of your custom home.
  3. Appraisal Inspections: Because inspections are ordered throughout construction, you are not overpaying your contractor and only pay based on what is completed.

Post a Comment

From Our Blog

Posts By Category

All Categories Buying a Home (3) Company News & Events (19) CRG Companies (43) CRG Construction (3) CRG Home Design (1) CRG Homes for Sale (1) Design & Construction (31) Featured CRG Custom Homes (9) Featured Neighborhoods (2) Green Construction & Design (4) Helpful Information for Buyers and Sellers (9) Living in the Grand Strand (30) Local Real Estate Market Updates. (1) Main (1) Preconstruction and Investment Opportunities. (1) Real Estate (34) Remodeling Projects (2) Selling a Home (1) Specialty Services (3)

Posts By Month

Tag Cloud

Grab Our RSS Feed

Our team has helped thousandsof families

Like Yours.

FIND YOUR AGENT

Let's Build Something

VIEW CONSTRUCTION PROJECTS