Wednesday, October 30, 2019

Steps to buying a new construction home / home builder

Buying a new home has a different process than buying an existing home.
The first step is to figure out your financing options with a loan officer unless you are paying cash.
As seen below, the loan officer will conduct a review of key information needed to assess your eligibility.
From there you will want to find the home and make an offer to purchase.  Don't be surprised if the home builder asks for a large deposit.  Often the builder has to pay for architectural design blueprints and has to pay for permits before they can begin building your home. The large deposit helps the builder offset the initial cost.
Once under contract I suggest a pre drywall inspection so you can find any issues before the walls are installed and another right before closing.
Contact me today if you want to learn more about buying a new construction home.(919) 714-8796 or complete a quick quote at NevinMortgageTeam.com 



Licensed by the Department of Business Oversight under the California Residential Mortgage Lending Act, License No 41DBO-78367.  Licensed by the Department of Business Oversight under the California Financing Law, NMLS #2289.  Loans made or arranged pursuant to a California Residential Mortgage Lending Act License.  Fairway Independent Mortgage Corporation NMLS Entity ID #2289 (http://nmlsconsumeraccess.org/EntityDetails.aspx/company/2289).

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