New construction builders loans allow both investors and builders the opportunity to be able to increase production and sales while leaving the messy work of financing to the experts. When you choose the right new homes construction loans lender, you can rest assured that you can get to working on finding more properties while the application is moving through the system in a timely manner.
– One of the reasons you need to find the right new homes construction loans lender is you want a team that has no third-party underwriters. These outside agencies tend to slow down the process to the point that you start losing business. Every time a new person has to look over the application, it can add several days or even weeks to the loan process.
– You want to be working with a new homes construction loans lender who has all their financing laid out in a transparent and clear way you can easily understand. No surprises at closing if you are up to speed on all the charges and fees at the start.
– Of all the things to consider when you are shopping around for the best local new homes construction loans lender is a company with a single loan originator. When only one originator is working on the loan application, you develop one relationship with the lender. One relationship means you tend to get a better understanding of how each other runs their business and your needs can be addressed in a more timely and personalized manner.
– Choose a new homes construction loans lender that will be able to close in under thirty days after receive of the final contracts. This means they are serious about your business and that you can start lining up buyers quickly and keep moving things along efficiently.
– Make sure that the new homes construction loans lender that you are considering to work with has the ability to do simultaneous closings if you decide that you want to buy a few properties on the same lot. Time is certainly money, and the last thing that you have time for is going back to several closing for properties that were sitting on the same plot of land.
Don’t just choose any new homes construction loans lender, make sure they offer all the services we discussed so that you are in a better position to increase sales and move from one property to the next. For more info visit: http://constructionspecloans.com