Financing
At White Maple Construction, we know that building or remodeling a home is about more than design and construction, it’s about making the process accessible from start to finish. That’s why we guide our clients through financing options with the same care and attention we bring to every detail of a project. From tapping into existing equity to exploring creative lending solutions, we help remove the barriers so your dream of a custom home or whole home renovation can move forward with confidence.
Custom Home & Remodeling Financing Options
Financing Options
Construction Loan
End Loan
An end loan is the simplest and most straightforward way to finance a new home. Here’s how it works:
Process:
- You choose your new home.
- An appraisal is conducted, and your documents are reviewed to ensure you qualify.
- You set a closing date and make a down payment (typically 10-20%).
- The bank provides the remaining mortgage amount, and you receive the keys at closing.
Pros:
- Simplicity: The process is straightforward, with only one transaction at closing.
- Ease: You know the terms and conditions upfront, making it easier to plan.
- Direct Sale: Property taxes are assessed based on the purchase price, which simplifies tax calculations.
Cons:
- Interest Rate Lock: You lock in your interest rate close to the closing date, which could be months after starting construction. This means you might face higher rates if market conditions change.
- Higher Taxes: Taxes are based on the full purchase price of the home.
Our Lenders
Being a design-build firm means we can handle every aspect of your project from concept to completion, including getting the designs made and managing through to construction, reducing stress and ensuring a cohesive outcome. If you already have designs made, it’s no worry; we can work with those too.
