Articles, Updates, and Guidelines

January 17, 2024Since trying to purchase a resale with multiple offers is a difficult task these days, now may be the right time to  learn about the FHA and VA One-Time Close mortgage and build a home that suits your exact needs. 

January 11, 2024The Federal Reserve Bank of St. Louis estimates there were just under 18 million veterans in 2023. Add to that number of members of the Guard and Reserve, and you get approximately 19 million 360 thousand people. What do they need to know before taking advantage of their VA home loan benefits or the FHA One-Time Close construction loan program to build a home on their lot or land they buy with the loan?

January 4, 2024What makes an FHA One-Time Close construction loan (or any other type) different from a home loan to buy an existing home? Aside from the obvious aspects, such as needing to own or buy a plot of land to build on and hiring contractors to do the work to build the property, how do single-close construction loans differ?

January 3, 2024There is an FHA / VA backed One-Time close construction to permanent financing program currently available to eligible veterans with $0 down payment and to others with 3.5% down payment.  Current lower home inventory levels may make it a good time to start planning to build a home utilizing this Single Close program. 

December 28, 2023Should you consider buying a new home in 2024? Some worry about a lack of existing construction inventory and decide to build a house on their own land instead. Is 2024 the year to build a brand new home on your own lot?

December 21, 2023In 2023, the Fed’s inflation reduction strategy made any kind of financing more expensive, including mortgages. This made some consider not building or buying until conditions improve, and others simply placed their long-term plans for larger homes on hold as a result of higher interest rates. In the same year, there was a growing trend involving accessory dwelling units or ADUs.