Custom Construction Loan Process

Simplify Your Life

Purchase lot using lot loan.(40% down + closing costs)

Select builder, pay for plans to be drawn, sign contract.(While paying payment on lot loan)

Apply for construction loan.(Line of credit)

Make ENTIRE down payment at time of construction loan closing.(Typically 20-25% of LOT + HOUSE)

Draw from construction loan once down payment funds have been exhausted.(Involves requesting inspection from construction loan company at time of each draw, monthly

payments increase after each draw)

Re�nance construction loan at end of build.(Typically 12 months +/-)

Granville’s Loan ProcessReserve lot.

Obtain loan pre-approval.Make Design Selections.

Sign purchase agreement with deposit.Lock your interest rate.

Close escrow and receive your keys 5 months later.

The Links Advantages• Simpler process. (Lot selection + design + builder under one roof)

• Faster process. (6-8 Months vs 12-24 Months)

• Easier to qualify. (Less cash needed)

• Lower down payment options. (10% vs 20%)

• Lock in earlier.

• Golf Course lots.

Custom Construction Granville Semi-Custom

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