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.