When it comes to financing your home, we want to make the process as convenient as possible. We can help you decide which of these options works for you.
Brown Haven Homes Construction Financing
Key Features:
BHH finances the construction, eliminating the need for a separate construction loan.
Only one set of closing costs.
Clients only need to qualify for the permanent loan.
Advantages:
Simplifies the process by adding a 3% fee to the BHH contract cost.
Can not move into your home until you close on the permanent loan.
Two-Time Closing
Key Features:
Two sets of closing costs: one for the construction loan and one for the permanent loan.
Interest payments are required during the build.
Clients must qualify twice: once with the bank (construction loan) and again with the lender (permanent loan).
Clients requalify at the end of the loan process.
Advantages:
Move into your home before closing the permanent loan, allowing time to sell an existing home on your schedule.
Ideal for clients with financial flexibility (e.g., those who can afford two sets of closing costs and want to transition smoothly from their existing home to their new home).
This is also a great program if the client has no intention of securing a mortgage.
One-Time Closing
Key Features:
Only one set of closing costs.
No need to requalify to convert to a permanent loan.
Interest payments are required during the build.
Requirements:
Clients must qualify at the start of the loan process (700+ credit score required).