Financing Your New Home

Elite Homebuilders can assist you with all your financing needs. Our relationship with the Industry lenders is second to none. Below you will find the types of loans available for our homes. Elite Homebuilders is not a bank and although we have worked with a multitude of banks and lenders over the years, you are not limited or required to work with any specific lender and should always search out and consider any lender that is going to be able to structure a loan that best serves your needs.

Home Only Loan:

Elite Homebuilders can assist you with all your financing needs. Our relationship with the Industry lenders is second to none. Below you will find the types of loans available for our homes. Elite Homebuilders is not a bank and although we have worked with a multitude of banks and lenders over the years, you are not limited or required to work with any specific lender and should always search out and consider any lender that is going to be able to structure a loan that best serves your needs.

Construction Loans:

Do you own your own land or do you want to purchase land? Elite Homebuilders can combine all your site work (foundation, well, septic, utility hook-ups and more), including paying off your existing land mortgage or the complete purchase price. Explained below are the different types of construction loans available to our customers.

Conventional Loans:

Conventional loans are typically offered by banks and credit unions and usually require a down payment of 20% of the total loan (land equity may be used as down payment). Although a conventional loan may have tougher credit requirements than FHA, VA and USDA loans, if you are in a position to use one, you may find that interest rates are lower and you will not have mortgage insurance.