Austin Construction Financing

Austin Construction Financing: Specializing in a one-time close construction-to-permanent loans.  Build the home of your dreams, with the builder of your choice and the peace of mind of an interest rate that's locked.

Austin Construction Financing: Advantages to Buyers:

• Convenience:  One application, one approval!  Use my preapproval to get started
• Save Time:  One closing before any clearing or building begins.
• Save Money:  No duplicate closing costs. 
• Lock your Rate.  Float down option available.  If rates improve during construction you can take advantage of it.                    If rates worsen, you're locked in.
• Flexibility:  Financing available for primary residence or second home
• Loan funds can be used to purchase the land.
• Construction financing up to 95% loan-to-value
• Flexible rates during construction: Interest Only payments on Disbursed Amount.  Tax deductible.
• Up to 15 month construction timetable with certain loan products
• One Lender:  Eliminate uncertainty
• Control:  You sign off and approve disbursements to your builder.

Austin Construction Financing: Advantages to Builders:

• Price homes more competitively without the expense of construction loans.
• Simplified builder approval process.
• Reduce construction costs and exposure.
• Does not tie-up your credit lines - it can become a source of financing for another project.
• A pre-sale custom home will not revert to a spec house.
• Even if you own the lot -- no problem.  You get paid for it at closing.  Before any construction begins.
• Quick draws:  fast inspection, approval and wired directly to your account.
• Protects you and your buyer against interest rate increases.  No more complications because the buyer couldn't get approved for the permanent loan.  All approvals are done before construction begins

Austin Construction Financing:Advantages for Realtors:

• Commission paid at closing prior to construction beginning.
• Peace of mind:  you have a qualified client.
• 95% financing increases sales
• Only one application and approval is required.  Show your clients how time-saving and stress-free you can make this.

Austin Construction Financing: Let Terri Wood research dozens of lenders to deliver the best rate for YOU!