When you’re in the market for a new custom home built on your lot, you know you can count on Value Build Homes to provide you with all the information you need—including how to secure financing. Value Build Homes is able to introduce you to our preferred lenders, helpful financial organizations we’ve been recommending for years, able to help you get pre-approved for that new custom home of your dreams. At this point, if you haven’t been pre-approved, we can provide you with valuable information regarding this important step in the process. Knowing how much of a new home you can afford gives you the ability to make future decisions such as upgrades and extras.
When applying for a mortgage loan from any lender, you will be asked a variety of questions including:
• Current Sources Of Income
• How Long You’ve Been Employed With Your Current Employer
• If You Are Currently Renting, Paying A Mortgage Or Have Ownership Of Other Property
You will also have to give permission for lenders to perform a credit review. Prior to applying for a mortgage, it’s important to investigate your current credit score. You can request a credit report from Equifax, Experian and TransUnion. Make certain that there are no errors on these reports, as your credit rating will have a direct impact on the interest rate!
As you “go under” contract for your new home, more detailed information will be required including important documents such as recent tax returns.
Value Build Homes offers a wealth of information regarding financing options. Click here and complete the convenient form and we can start the process introducing you the lender that is best suited for your specific needs!