A Guide to Financing a New Home

Written for buyers who want to walk into their first lender meeting prepared.

What You Will Find Inside

A straightforward, four-question approach.

A few minutes in, and you will know which of the three financing paths fits your situation. The same four questions we ask new clients in their first call.

The three paths explained in plain terms.

Spec home, custom build with a construction loan, and the less standard path where a builder becomes part of the lending structure. Who each path fits, and what each involves.

One-time close versus two-time close.

The single piece of construction that most buyers run into and few understand going in. Laid out as a side-by-side, you can absorb it in thirty seconds.

Terms and signals worth knowing.

Learn the terms that come up in every real lender conversation. Four signals worth noticing when you listen to a lender or a builder talk.

Why We Wrote This

Eagle Creek Homes has designed and built custom homes in West Michigan since 1999. ‘How do I finance a custom build?’ is the question we hear most from families thinking about building. The answer should be something you can read on a Sunday morning, not something you sit through on a phone call. This guide is the answer.

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