Jacksonville, Fla. July – Bayway Mortgage Group began offering new construction to permit loan programs in July for prospective homeowners looking to build a dream home of their own. With a 660 credit score or better, Bayway Mortgage Group may be able to position borrowers with a construction to permit loan allowing them to begin constructing the perfect home.
Building a home can offer distinct advantages when compared with purchasing an existing home. Four key advantages to building a house include customization, affordability, energy savings and warranty programs.
Customizing a home opens up an infinite number of possibilities in the ways to create a home that is unique. Individuals who choose to build their own homes can put in that fire place they always wanted, install those fancy self-closing cabinets and drawers, and even install that luxurious Jacuzzi bathtub to relax in after a long day at work.
When an individual builds a new home, he or she typically does not have to worry about any expensive renovations, repairs or replacements. Purchasing an existing home presents the possibility for necessary roofing repairs, carpet replacement, plumbing problems, mold issues and a wide variety of other potential complications.
With the global push for greener initiatives, energy efficiency and savings in the home are important factors for consideration. Constructing a new home can offer the best in insulation, high efficiency appliances and building code standards. If this interests you a construct-to-perm loan may be what you’re looking for.
By building a new home, homeowners can have the benefit of home warranty programs and other warranty programs on their new appliances. Many Florida builders offer 10 year structural limited warranty coverage on new homes.
For qualified individuals, Bayway Mortgage Group offers construct-to-perm loans on FHA, VA and other conforming loans up to $417,000.
Bayway Mortgage Group is located in Jacksonville, Florida and focuses on offering low rates with less than 15 day closing times and a price match guarantee on refinance and mortgage loans. Bayway Mortgage Group strives to develop a holistic understanding of a client’s situation in order to provide mortgages that are sustainable and will lead to home ownership without financial challenges.