March 6, 2024

Benefits of Using Caruso Homes Preferred Lender


Categories: Caruso Homes, Financing, Housing Market, Incentives, New Construction, New Homes

Benefits of Using Caruso Homes Preferred Lender

Watch the full video of our interview with our Preferred Lender, Jamison Mullen of USA Mortgage.

Benefits of Using Caruso Homes Preferred Lender

If there’s one thing that can make or break a home-buying experience, it's the financing process. The stress and uncertainty of securing a loan can often overshadow the excitement of purchasing a new home. 

But at Caruso Homes, we strive to provide our customers with an unmatched level of service and support throughout their entire journey to homeownership — from concept to construction to closing and beyond. 

One way we do this is by partnering with preferred lenders who have expert knowledge in new home construction financing. These lenders are familiar with our unique processes and understand the dynamics of building a new home, making for a smooth and surprise-free transaction. Let's explore the financing process and exclusive benefits you can expect when using a Caruso Homes preferred lender.

How Does New Home Construction Financing Work?

Financing a new home can be different from purchasing a used home. Depending on whether you buy a new construction home in a community, build on your lot, or choose one of our quick move-in homes, your financing options can vary:

  • Community living:If you choose to build in one of our communities, a traditional loan will cover both the land and building costs. You will need to receive a pre-approval from the lender and pay an Earnest Money Deposit (EMD) to write a contract on the home. Once the home is complete, your EMD will be applied to your deposit and closing costs.
  • On Your Lot:Building On Your Lot requires a Construction-to-Permanent Loan to finance the purchase of the lot (unless you already own the land) and the construction of your home on that lot. With a construction-to-perm loan, the funds are disbursed in stages as the home is being built. This allows for more flexibility and control over your budget as you only pay interest on the portion of funds that have been used. Once the home is complete, the loan automatically rolls into a traditional mortgage–without the need for (and costs of) a second closing.
  • Quick move-in: Financing options for a quick move-in home are typically similar to a traditional mortgage but with more flexibility and lower down payment requirements.

Caruso Homes Preferred Lender Benefits

Constructing a new home can be an arduous task. Countless details can throw the timeline and budget off track. But with a preferred lender, you can be assured that financing will not be one of those concerns. 

Here are some unique benefits to using a Caruso Homes preferred lender:

  • Seamless Transaction:Our lenders have established relationships with our company and settlement agencies, ensuring a seamless transaction from start to finish.
  • Exclusive Incentives: As part of our Caruso Homes Experience, we offer exclusive incentives to our preferred lender customers such as closing cost assistance and design center credits.
  • Early Pre-Qualification:Getting pre-qualified for a loan is essential in the home-buying process. Our preferred lenders can provide you with an early pre-qualification so you know your budget and can start designing your dream home right away.
  • Variety of Financing Programs:Our preferred lenders offer a variety of financing options, including Conventional, FHA, VA, and USDA loans. Your dedicated loan officer will collaborate with you to choose the best fit for your financial needs and long-term goals.

Trust in the Caruso Homes Experience

With Caruso Homes and our preferred lenders, financing your new home becomes a guided, simple, and enjoyable journey. Our team is dedicated to making the home-buying process as stress-free and transparent as possible.

Plus, you’ll be able to stay connected and informed with the Caruso EXP site, your one-stop digital hub for tracking your new home's construction, accessing essential documents, and communicating with the Caruso Homes team. 

You can trust that we will be by your side every step of the way, from financing to choosing your floor plan and finishes and closing on your dream home.

You can trust us to have your best interests in mind and provide you with the resources and support you need. Contact us today to learn more about our Caruso Homes preferred lenders and start the home financing process on the right foot!

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I couldn't think of a better group of individuals and a company like Caruso to make my family's dream come true.