Building Your Own Home
The real estate market in 2020 has been hot. Demand is high, inventory is low, and homes are getting multiple offers the first day they hit the market. A lot of new home buyers have been discouraged about the lack of homes available and how competitive the local market is. At Waterstone, we have a solution: build your own home.
A new build community is a good option, but those homes are going fast and sometimes the prices can be at a premium. So another option would be to find your own land and your own construction team and build a home on your own.
We have helped dozens of clients build their dream homes this year, and the process is a lot simpler than most expect. After you find the land you want to build on and the construction team you want to work with, Waterstone works to approve the builder, their blueprint, and their plans for the new construction. Once everything is approved, we pay off the land and then setup a draw schedule so the builder can get working on the home.
At Waterstone we have an extremely competitive construction program. Only 5% down of the construction costs are required and during the build you only pay interest on the cost of the land and the amount the builder has taken out on draws to build the property. This program is a great way to build your dream home with little money down and with affordable payments.
If you have any questions regarding our Construction Loan, please call me anytime at 480-635-3035
Ryan Gilliam
Waterstone Mortgage
3489 E. Baseline Rd
Gilbert, AZ 85234
Phone: 480-635-3035
E-mail: [email protected]
