An overview of construction-to-permanent loans, traditional mortgages, FHA, VA, and conventional options for buyers considering a new home.
Financing can feel like the most complicated part of new construction, but the right structure depends largely on whether the home is move-in ready or being completed within a community.
Construction-to-permanent financing can fund the build and convert to a standard mortgage. Move-in-ready or nearly complete homes may use a traditional mortgage. FHA, VA, and conventional products each have different requirements.
Buyers should plan for down payment, closing costs, deposits, selections, and rate-lock timing. A.R. Builders can introduce lenders familiar with new construction.