Construction Lending

Gold Financial Services was created to serve customers by providing financing programs to help them meet their goals of homeownership. The team at Gold Financial Services understands the process of building a new home extremely well – they’ve helped thousands of local families obtain financing for their dream homes.
Many people think that a custom home is beyond their budget. The truth is a well-crafted custom home can be priced better than an existing home and be built exclusively around you. We’re in the business of building unique, personalized homes loans because they unlock the joys of home life like nothing else. If you’re ready to talk, we’re happy to reach out and answer your questions.

Choose your Lot & Builder

· Building a custom home on your own lot means you can keep living in the neighborhood you don’t want to leave or you can find land in an area with great schools. It’s all up to you.
· You will have the opportunity to choose our own builder or we certainly recommend one for you. Having a builder with you in mind for your budget, your lifestyle and for your family. Finding the right builder should be fun and exciting.

Construction Terms

· Gold Financial Services offers 10-month construction loans at competitive rates and with as little as no down payment. Their program is tailored to take advantage of the equity created in the home-building process and to apply that equity as a down payment on the project.

Types of Loans

· Gold Financial Services offers a 2X close. This loan is just as it sounds, there is one closing at the start of construction and a second closing to refinance the construction loan into a permanent mortgage. Upon closing on your construction loan you’ll begin making interest only payments to the lender, and just as before these payments will increase as construction progresses. Once your home is completed, you’ll need to refinance your construction loan into a permanent mortgage.  Generally, you’ll be able to get a lower rate on your permanent mortgage because you’ll be working with a true refinance rate, not the rate based on a construction to perm loan. Another thought to take into consideration is that you won’t be locked into an end loan amount. This is important to consider in case you have any cost over runs or upgrades.

Many Permanent Financing Options Available After Construction

· Permanent financing and refinancing programs for Conventional, FHA, and VA – are also available. Gold Financial Services works with their customers all the way through the process of building their affordable custom home, so they know them very well and are able to place them in the best permanent loan program for them at the close of construction that best suits their needs.

Gold is here for you!

Let us do the hard-work for you!

There are two primary advantages to buying an existing home, they are convenience and cost. Once you create a budget with  your Pre-Qualification, the next step is to find a qualified real estate agent who can streamline the process by helping you find the home of your dreams, guiding you through negotiations and assisting with all of the paperwork necessary. Once your offer is accepted, you may be able to close on your home and move in!

You are much more likely to get exactly what you want when building your home instead of buying which for many is factor enough to choose building over buying, but there are other advantages, too Pre-Qualify today and find out!

Refinancing can be a great way to convert a variable loan rate to a fixed, and obtain a lower interest rate. The first mortgage is paid off – allowing the second loan to be built, instead of simply making a new mortgage and forgetting the original mortgage. Find out if this is the best path for you. Pre-Qualify today!

Rest assure we will do everything we can to make the process as smooth and efficient as possible.

Provide competitive residential mortgage services and superior, personalized customer care with a hands-on, community-based presence.

Our customers save money and close their loans quickly because we employ the most advanced mortgage technology available.

We rapidly respond to new opportunities in today’s dynamic mortgage market. As a result, the requirements of our mortgage customers are consistently met through mortgage underwriting flexibility and delivery of unique mortgage programs. We often identify niche mortgage programs that are essential to satisfying individual mortgage customer needs.

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