At TJH, we understand that building your dream home can seem overwhelming, especially when it comes to financing. That’s why we’ve referred trusted lenders familiar with our BUILD process, making the lending experience as seamless as possible. Read on to discover what’s needed for the lending process, the timeline involved, and how it makes your homebuilding journey more achievable than you might think. We refer trusted and reliable lenders that simplify the loan process and bring your dream of building a home closer than ever.
What are the benefits of choosing a TJH-preferred lender?
Our preferred lenders simplify the lending journey for you and ensures financing tailored to your needs. For instance, some of our preferred lenders offer a convenient all-in-one loan. This option—similar to securing a traditional mortgage—features a one-time close that sidesteps the hassle and fees usually tied to separate construction-to-permanent loans.
What is required for the lending process?
Eligibility requirements can vary by lender, but generally, you’ll need to provide proof of income, credit history, and financial statements. Our preferred lenders will walk you through their specific requirements and procedures.
What is the typical lending process when building a TJH home?
Our preferred lenders ensure a streamlined process that generally includes:
- All-in-one loan: Simplifies your financing with a one-time close, avoiding separate, costly construction-to-permanent rollover loans.
- Draw process: Funding occurs in stages as construction progresses, making it easier to manage your finances.
- Conversion to mortgage: After the final home inspection and certificate of occupancy, the loan converts to a mortgage, and principal payments begin.
What are the eligibility criteria for working with preferred lenders?
Typically, the lending process for a construction-to-permanent loan to build a TJH home takes about 45 days. However, the exact timeline can vary depending on your specific lender and financial situation. We aim to make every step as smooth as possible, so you can focus on the exciting parts—like designing your new home.
Ready to take the first step? Contact our Private Client Group and get in touch with a preferred lender who can guide you through the entire process.
Helpful reads
Sourcing land for your dream home
Our criteria for selecting buildable land where you want to live.
Construction financing: your questions answered
Questions about where to start when financing your home build? We can help.
Is it smart to build a home right now?
Think building a new home is out of the question in the current housing market? Think again.
