Customized Financing

Financing an On Your Lot Home is simpler than you might think. Typically, you obtain a construction loan, which includes your lot/land, often called a construction to perm loan. Often you close before the start of construction and make interest-only payments on the drawn balance until the property is complete as you own the home from the very beginning. And, since your loan is already closed (permanent) and funded, job changes and life events won’t affect the process. NOTE: Some variations occur with a 2-time close construction loan program. 

Construction loans are typically not difficult to qualify for and you do not need a 20% down payment. In some cases, you can put down as little as 0% and the equity in your land can be used as part or all of a down payment requirement. Numerous options are available, and we can help you secure the financing you need through Davis Mortgage Services (DMS) or one of our preferred lenders.