There are three common ways to finance the construction of your new home.

One-Step Construction Loan

Work with one of the community lenders our past customers have had a good experience with to get your own construction financing. Typically you will need 10% of the total cost of your new home to qualify, and you can finance your lot as part of your construction loan. Once construction is complete, your construction loan rolls over into a permanent mortgage loan. Some lenders will set the permanent interest rate before you start construction, protecting you from the risk of rising interest rates.

Evergreen Homes Construction Financing

A second approach would be for us to buy the lot for you—we will then get the construction loan from our bank. Once your home is complete, you close on it with a permanent mortgage loan at whatever current interest rates are at that time.

Owner Financing

The third way is for you to pay “progress payments” during the course of construction without outside financing. Once construction is complete, you own your home outright.

Many Evergreen Homes buyers have had positive experiences with our preferred lender, Dave Kilkenny of Finance of America in Clark County. Dave is a competent professional who gets timely results and has a great track record for securing his clients the best rates and terms. We are also happy to recommend a few lenders who offer competitive construction loans if you’re interested in the savings which that approach can offer. Simply call Chris at 360-624-3116 for more information.