What is The Best Way To Finance a New Home?
Watch this video to discover what the best way to finance a new home is. This is the same method we use when we buy tear-down building lots for speculative homes we sell.
What are the most common loan types for funding a new home?
Acquisition Loan and Construction/Perm Loan
What is an acquisition loan?
A loan for a new home if the new home already exists and is built and completed. The lender uses the land and new home structure as collateral for the loan.
What is a construction/perm loan?
A loan based on the future value of the new home to be built.
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