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100% Financing
Home Builder's Network, LLC (HBN) works with various lenders and offers various financing alternatives. Rates, terms, closing costs and down payment requirements vary by program and your individual qualifications. These qualifications include, but are not limited to, credit history, income and current obligations. Subject to qualifying, the following are available:
Features
- 100% financing of land, material and labor.
- Closing cost can be financed through the construction loan.
- One-time close (construction/permanent) option is available. Two-time close is available if you prefer.
- Mortgage insurance may be required.
- No payment option during construction is available.
- Less than perfect credit considered.
Out-of-pocket expenses . . .
- This varies by Lending Institution, however, the following amounts usually apply:
- Initial order review and set up fee = $ 250
- Appraisal and credit fees = $ 300 - $ 350
- Land Deposit = Varies by seller, usually $200 - $500
- Total Out-of-pocket expenses= Approximately $750 - $1,100
Dependent on Lending Institution and region, in which you are building, you may also have to pay for a building permit, Architectural & Engineering (A&E) stamps and builders risk insurance policy prior to close. Some or all of these items may be reimbursed at the time of the closing. Please confirm with the Loan Officer processing your account for details and any other miscellaneous items.
Contact us, and we will work with you to select the best possible program.
Home · 100% Financing · Build Your Own Home · The Homes · Contact Us
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