Why Use a Preferred Lender?
Not all mortgage lenders are alike, and when it comes to purchasing your new construction home, you want to ensure that you choose a team that will really work for you. At AHA Dream Homes, we’ve developed strong relationships with mortgage professionals who understand the process of financing a new construction home inside and out, and they have truly earned the name “preferred lender” for our clients.
Buying an existing home is one thing, but buying a home that is under construction is different, but certainly not difficult.
A savvy lender knows the steps in the homebuilding process and understands when certain certain steps need to be taken to avoid delays in your loan. These mortgage professionals pay attention to the construction status without needing a reminder. They use this information to order the appraisals and keep the funding on schedule. Even a seemingly small oversight can spark a big problem, so their knowledge of our construction process is vital.
AHA Dream Homes won’t give away the title of “preferred” after just a few closings. We look for the mortgage professional who demonstrates a commitment to helping our homebuyers every step of the way—answering questions, explaining the loan steps, providing valuable advice and proactively handling every detail. A great lender makes the homebuying experience seem easy because everything is under control. Unfortunately other mortgage people can easily steer you along a bumpy road into homeownership.
Appraising a home is done in person, which means they’ll bring subjectivity to their job, but the conclusion of one appraiser might be higher or lower than another. The amount of your loan is pre-determined, and the lender will tell you how much they will loan you for this particular home—but that amount is contingent on the appraised value.
Let’s say the appraiser comes back with a value that is less than your purchase price. The lender then says they’ll only fund the appraised value, which means you have to come up with the difference between the loan and the purchase price.
At AHA Dream Homes we price our new homes fairly, so you can move through the process without the worry that an appraiser might come back with a low value to your new home.
A preferred lender also offers other benefits. You might earn closing cost credits and special incentives, which not only makes the choice useful, but also economical. Our closing cost credits could be offered in a dollar amount or percentage points. Either way, it adds up to another great reason to work with someone who knows the ins and outs of new construction financing and rewards you for making the right choice.
We expect everyone on our team to treat our homebuyers with respect, courtesy, and professionalism, and that includes our lender partner, John Church, who has consistently demonstrated his commitment to excellence. We encourage our clients to reach out to him for pre-approval in order to get the process started toward buying your new home, so don’t forget to take a look at our available homesites right now, and call Natalie to schedule a personal tour.