Imagine your dream home. What are you picturing? Perhaps it’s a grand mansion on a large estate. Maybe it’s a more traditional, understated home or cottage located along the lake. home builders madison al Perhaps you are looking for something modern and contemporary. You have many options. It’s possible to spend months looking at homes for sale in an attempt to find the right home. You could also build your dream home. Are you putting off building your new home because of the hassle and cost?
We would have some solutions for you if you answered yes to this question.
The down payment is the first. To begin construction, most home builders require a downpayment. Madison Homebuilders does not require a down payment. Only a $75.00 application fee is required if you already own your lot. We even pay your initial appraisal fee. Madison is the right choice for you to build your home.
The construction loan is next. What is a construction loan exactly? A construction loan, which is similar to a mortgage that helps you buy a home, is a short-term loan the homeowner uses to finance the home’s construction. After securing the loan, your lender will take out your loan to pay your builder when work is complete. You pay interest on the monthly amount you draw out of most construction loans. These interest payments can be very high depending on how long your build takes. Your interest payments will increase the longer your build takes. Most home builders won’t begin building a new house unless you have secured a construction loan. Madison Homebuilders is different. Madison Homebuilders make your home using our money. This allows you to save both the effort and time it takes to secure a construction loan and the interest costs. We work with lenders to help ensure your mortgage for your new home, including the upfront appraisal fee that can be anywhere from $400-500.
The closing costs are last. What are closing costs? These are fees that you pay to close your mortgage loan. They often include attorney’s fees, credit checks, loan origination fees, and processing fees, as well as home inspections and appraisals luxury homes for sale alabama.
Unlike other home builders, Madison will help you pay your standard closing costs up to 2% of what you owe Madison. Madison will contribute up to 2% ($4,000) to your closing costs if your Madison home costs $200,000. Our customers have seen a savings of close to $3.0million since our inception. This is something that other homebuilders cannot boast about.
Does your dream home seem more real than ever? We hope so. We want to help you build the home of your dreams, simplify the building process, and leave as little money as possible in your pockets.
It is essential to take the time and get a detailed estimate from your builder regarding construction costs. It is necessary to understand your financial obligations. Have you already set a budget for your new construction project? The mortgage calculator can help you estimate your monthly mortgage payments.
How do I get started? Fill out the form to describe where you want to build. Next, schedule a meeting with one of our Building Consultants at our four Sales and Design Centers. You can learn more about our process and see the options we offer.
It’s time to recap: there is no down payment or construction loan, and we pay all closing costs. It sounds like a dream come true. Madison Homebuilders can help you make your dream home a reality. Our industry experience spans over two decades. All of our homes come with a 10-year warranty for home buyers. Are you looking for inspiration to design your floor plan? Get a free plan book, or browse some of the most loved floor plans from our site. It might be your dream home. With a bit of help from Madison Homebuilders, you can soon call it your home.
