Loan
New Construction Loans
If you’ve found the perfect location but not the perfect home, this is the right loan for you. A new construction loan can help you finance the home of your dreams.
Benefits of a new construction loan
- More flexible loan repayment terms
- Down payment as low as 20%
- Finance your dream home from the ground up
What is a new construction loan?
When it comes to home buying, you’re often forced to choose between either the perfect house or the perfect location. For borrowers who want both, not either, new construction loans can help. This type of loan covers the cost of custom home building, so you can plan your dream home from the foundation up.
A home construction loan is a short-term, higher-interest loan that provides the funds required to build a residential property. These loans are typically one year in duration. During this time, the property must be built, and a certificate of occupancy should be issued.
New Construction Loans
If you’ve found the perfect location but not the perfect home, this is the right loan for you. A new construction loan can help you finance the home of your dreams.
What is a new construction loan?
When it comes to home buying, you’re often forced to choose between either the perfect house or the perfect location. For borrowers who want both, not either, new construction loans can help. This type of loan covers the cost of custom home building, so you can plan your dream home from the foundation up.
A home construction loan is a short-term, higher-interest loan that provides the funds required to build a residential property. These loans are typically one year in duration. During this time, the property must be built, and a certificate of occupancy should be issued.
Benefits of a new construction loan
- More flexible loan repayment terms
- Down payment as low as 20%
- Finance your dream home from the ground up
Is a new construction loan right for you?
As a Pahlisch Homes preferred lender, we understand the nuance that comes with choosing a new construction or pre-construction home loan. Loan options can vary depending on the building site location, the home’s level of customization, and other factors.
New construction loans are an excellent option for homebuyers ready to select a new construction model home from a development. However, when it comes to these types of loans, your real estate agent needs a lender who knows what they’re doing. Those who choose Hixon are in luck: we’re committed to making the new construction loan process as simple and worry-free as possible.
Because new construction loans have strict timelines, you’ll need builders and site agents who can guarantee your new construction home purchase closes on time. At Hixon, we specialize in making your new construction dreams a reality
Build Your Dream Home
Our team has 38 years of combined experience helping homebuyers make their dream homes a reality. If that means building your new place from the ground up, we’ll help you explore available new construction loan options.
