Purchase Your New Dream Home With Our One-Time Close New Construction Program!
JZ Mortgage is pleased to offer a simple solution for new construction home buyers. Our new one-time close new construction program is an excellent loan program for home buyers, builders, and real estate agents in the housing market. These loans offer a wide range of benefits to minimize risk for all parties and provide financing solutions.
For buyers, the program offers low down payment options, with just 5% down payment for conventional, and 0% down payment for VA buyers. Additionally, new construction loans come with a one-time loan approval and closing up front, eliminating the concern of changes in circumstances or not being able to close when the house is completed for any reason. During the construction process, interest-only payments are made on only the outstanding balance to minimize loan payments during the build process. Upon completion of your new home, the loan will automatically convert to a conventional fixed rate. Your rate is locked at the initial closing and if rates improve, you have the option to float down to the lower option. Since there is only one closing, there is only one set of closing costs.
Home builders can have their projects funded by the loan draws, and eliminate the risk of buyers having to re-qualify or not being able to close when the house is completed. This allows builders to build more unique homes that meet the specific needs of their clients. By partnering with us, builders can offer excellent financing options, making their projects more attractive and accessible. Now builders can streamline the new construction process, have their projects funded, and minimize risk, allowing them to grow their business successfully.
For real estate agents, the one-time close new construction program offers a valuable tool to expand their services and help more people buy homes. Buyers are qualified and close up-front, so agents do not need to wait for completion to close and get paid. By partnering with us, your buyers can be fully pre-approved, and you can help them to build their new custom dream home.
Overall, the one-time close new construction program offers a wide range of benefits to buyers, home builders, and real estate agents alike. With low down payment options, one-time loan approval, and up front closing, this is an excellent option for those looking to build a new home. For more information on this program, or to get pre-approved with no cost or obligation, please contact us today!