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The Close It, Build It™ Loan from Weststar Mortgage provides builders and buyers the special financing options needed in today’s market. With one application, one set of fees, and one closing, construction can begin.
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Fewer worries, Easy Process
- Builders have less to worry about when the buyer is fully qualified and fully closed prior to construction.
- Buyers don’t have to worry about rate increases during construction or potential loan program availability.
- Our team of experts will work with you and your buyers to ensure a smooth process from start to finish. With the Close It Build It Loan and Weststar Mortgage you can rest easy knowing that we understand your business.
Highlights:
- Buyers can be approved for financing with as little as 3.5% down
- In some cases, if the buyer already owns the land, they get a loan with no money out-of-pocket by using the land as equity.
- No credit updates, no requalifying
- Simple, quick draw process
- The construction loan is made directly to the homebuyer so you will have the flexibility and the capital to start new projects
- Quick turn around on builder approval and simple builder application
- Purchase price must be within FHA loan limits. Some exceptions apply
- Build times within 120 days
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