Financing Options

Every homeowner will need a permanent mortgage unless they are prepared to pay cash for their home. We do not offer in-house financing, but we have relationships with several lenders who can help you with this part of the process.

There is also the issue of construction financing. Many customers chose to use a co-perm loan. This is a loan that is designed to start as a construction loan and then transform into a regular mortgage once the construction process is complete. This type of loan is popular due to low closing costs that result from one closing that covers both loans. Blue Ridge Custom Homes LLC will receive draws or ?progress payments? as various phases of construction are completed.

Another option is for a customer to get a construction loan and a separate mortgage. The mortgage will be used to pay off the construction loan when construction is complete. The two loans can be from the same or different institutions.

Yet another option is for Blue Ridge Custom Homes LLC to finance the construction of the project and transfer ownership of the house to the customer at the end of the process when a permanent mortgage is used to pay for the home.

There are many different ways to finance building a new home. We are a flexible company and can tailor our approach to the needs of each individual customer, as every situation is different. There is no ?one best fit? for construction financing. We can help make sure that your home is financed in the most cost effective, comfortable way for your situation.