Financing Your Home
Understanding your financing options and navigating the lending process with confidence.
Construction-to-Permanent Loan
One loan covers construction and converts to a permanent mortgage after completion.
Single closing reduces costs
Interest-only during construction
Converts to standard mortgage
Best for site-built and modular
Conventional Mortgages
Traditional home loans with competitive rates for qualified buyers.
Best interest rates
Lower long-term costs
Permanent foundation required
Standard for modular and site-built
Loan Options
Multiple paths to financing your new home
FHA Loans
Federal Housing Administration loans with lower down payments and flexible credit requirements.
As low as 3.5% down payment
Lower credit score requirements
Available for manufactured homes
Must include land
Chattel Loans
Personal property loans for manufactured homes not on permanent foundations.
Home-only financing
Faster approval process
Works for leased land
Higher interest rates
The Financing Process
From pre-qualification to closing
01
Get Pre-Qualified
Work with a lender to understand your buying power and get pre-qualified. We can recommend construction-savvy lenders.
02
Choose Your Home
Select your home plan and build type. We provide detailed specifications and cost breakdowns for your lender.
03
Submit Application
Apply for your construction or home loan. We assist with documentation and lender communications.
04
Loan Approval
Once approved, your lender provides funding as construction milestones are completed.
05
Close & Build
Close on your loan and we begin construction. Your lender disburses funds according to the agreed schedule.
Lender Relationships
We work with lenders experienced in manufactured, modular, and site-built construction. They understand our process and can provide competitive terms.
Draw Schedule Coordination
We coordinate with your lender on construction milestones and fund disbursements, ensuring smooth progress payments.
How Faith Homes Helps
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