Commercial & Residential Financing

One of the first things you need to consider in designing and building your new custom home or commercial property is how to finance the project. We have excellent working relationships with a number of mortgage professionals in the markets we serve.

For those clients in North Carolina or Virginia who are looking for a professional mortgage broker, we recommend Senior Loan Officer Jimmy Bostic at LFS Home Loans (www.lfshomeloans.com). Jimmy is outstanding with new construction lending program available to meet residential financing and commercial property financing requirements.

Establishing a Budget with No Surprises

Before you begin the process of financing your new construction project, we are here to make sure you have an accurate idea of the budget required to construct your dream home. We review the design for the project, along with alternative design options, to prepare a solid budget. We will share with you all costs well in advance of construction, eliminating the nasty surprises that can come with some projects. With us, you know what you're getting into, and there are no surprises to detract from your enjoyment of your new custom home.

Steps to Financing Your Dream Home

You know you want to build a new home, but how do you start the process of financing your project? There are many options available today for the financing of new construction as well as the remodeling of your present home. A mortgage professional from LFS Home Loans can help you figure out which option best suits your situation.

The first step to getting your financing is to assemble the documentation you need. Your mortgage representative will provide you with a list of all of the necessary documentation, but the following items are often requested:

• Latest income tax returns
• Statements detailing your assets
• Your credit history

After receiving this information, your mortgage representative will help you assess the options available to you for financing your new custom home or commercial property development.

New Construction

As part of the new construction process, your financing options allow you to have your loan approved at the time you finalize the sales contract with us. However, under some options, you don't assume the mortgage until the construction is complete. During the construction period, you may decide you want to add options to the project. Most banks allow adjustments to the loan, so this is a key point to clarify with your mortgage professional. Talk to a mortgage representative for more information about your options.

Remodeling

If you are remodeling an existing home, you have the option of refinancing your existing mortgage or simply getting a home equity loan. A home equity loan is a flexible means of financing remodeling projects. Drawing on equity can be a great way to finance improvements that add to the value of your home.

We'll Be There to Help

Regardless of which financing option you choose, you can be sure that you are getting the highest quality product. At Designer Builder General Contractor, LLC., we are committed to giving you solid budget and timeline estimates and helping you navigate the ins and outs of designing and constructing your dream home.