Articles, Updates, and Guidelines

July 19, 2022What should you know about interest rates before committing to a construction loan? If you want to build your home from the ground up, chances are good that you’re prepared for or are getting ready for the extra costs. Chances are also good you would love a way to reduce the overall cost.

July 17, 2022Finding the perfect house in Tennessee that's right for your family can be difficult when there is not much to choose from. This could be the right time to learn about the One-Time Close mortgage and build a home that is suits your exact needs. 

July 10, 2022 While it’s true that building a home from scratch can at times be harder than buying an existing home, the effort is worth it. The key to getting started is to understand the requirements of these loans, but some are hesitant because the process is unfamiliar to them.

July 5, 2022Texas residents are finding out that they can utilize these low down payment programs in order to build a new home with the same underwriting guidelines and qualifications as if they were purchasing a resale.  Now may be the time to start looking into building a home that suits your exact needs.  Learn more about the One-Time Close construction mortgage. 

July 1, 2022What is the base home sale price? If you are interested in building a home on your own lot using a One-Time Close construction loan, this is a term you should be familiar with; construction loans are different from purchase loans for a variety of reasons but one big one is how the cost of the mortgage is calculated.

June 29, 2022In 2020, the FHA and HUD announced pending changes to the FHA Single-Family Home Loan Lender’s Handbook, HUD 4000.1. This was due to policy alterations in 2018 and 2019 which required the FHA and HUD to overhaul portions of HUD 4000.1 to accommodate the modified rules.