This is a guide for you to follow and understand how
this process works from beginning to end. We have broken it down to
3 easy steps.
Each step is a building block for the rest of the project, and it is
essential to complete them in order. If you need further clarification,
all you have to do is ask. Keeping you informed is one of our many
goals.
Quote & Pre-Approval - Step 1
Getting an accurate quote allows you to get Pre-Approval, which is
important to understanding how much borrowing power you have. Essentially
it creates
a budget for your project. We will work closely with you in maximizing
your funds to match your needs.
The quoting process is fairly simple and consists
of several steps that must be followed in a specific order to provide
you with a complete
and accurate quote on your new home project. Depending on how quickly
you complete each step, you should be able to have your construction
cost within a few weeks.
Approval & Closing - Step 2
Getting bank approval launches your project. You now have your
home and land picked out and a full understanding of your construction
needs. All
that’s left is for you to close on your construction loan, a
process through which your lender will guide you..
Bank approval to the actual closing can take
several weeks due to the appraisal process. During this time we will
want to finish our
documentation, which includes the Full Proposal, Construction Agreement
and Drawings.
Breaking Ground - Step 3
You have completed the hard parts. Now it's time for you to sit back
and watch your new home develop from a dream to a reality. This is
what we
refer to as "The Beginning of the End." Most projects take 2-3
months to complete from breaking ground to moving in, and you can monitor
the
progress on our Job Status page.