When You Need A Loan - You're Not Alone
We build on your land, so you provide construction financing and, once construction is complete, a permanent mortgage loan. Oftentimes, these loans can be combined into one simple closing, called construction-perm financing.
Red Door's finance-friendly program allows you to pay Interest-Only during construction and save hundreds of dollars on builder markup. The loan can finance:
- The land (if just purchased or if you owe on land you already own)
- The preparation of the land
- Your new home
Use the financial institution of your choice--or just ask us. We'd be happy to recommend a trusted Red Door-preferred lender. Make sure to get a good faith estimate from any prospective lender detailing:
- Your total loan amount
- Interest amounts for construction and mortgage loans
- The costs to apply and obtain (close) the loan
For further information, contact Daniel McCoy with MVB Mortgage, Inc.
Cell: (336) 255-0445 | firstname.lastname@example.org
NMLS ID# 485895