Frustrated by a lack of decent, reasonably priced pre-owned homes? Well, creating and building exactly what you want isn't just for the wealthy any longer.
We hear it from our clients too often in today's market, "Pre-owned home inventory is really low and overpriced. And just when we think we've found a decent home, it's sold before we can even view it".
Feel like giving up or like you may have to compromise some of your home preferences? We understand! So in response, we developed PRMI's One-Time Close New Construction Financing Program.
Build, really? I didn't think we'd qualify for a construction loan.
PRMI's One-Time Close Construction Financing Program now brings the option of designing and building a new custom home, within reach of so many more homebuyers. In fact, it only requires 3.5% down and can accommodate borrowers with credit scores as low as 620! (for otherwise qualified clients.)
And if you're an eligible Veteran, even better news! You can now build your custom home with $0 down.
Still need more incentive? In many instances, we can work with your builder and arrange your financing so that some if not all of your settlement charges are paid by your builder.*
Why shop for a used home in a picked-over, overpriced, sellers' market. Let's rekindle that positive homebuying spirit. Pull out those napkins and start sketching out your floorplan!
*Regional Loan Limits apply, and appraised value and other factors can have an indirect impact on the amount of funds available for builder paid closing costs. **Closing costs and fees may still apply.