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Financing Your Project  Choosing a Home Remodeling Contractor  Planning Your Project  Home Additions  Estimating Materials  Preparing Your Home for Your Project   Managing Your Remodeling Project 
Why Choose Simonson Lumber?  Homebuilding   Remodeling   Millwork  Windows  Paint and Stain Department  Cabinetry  Decks and Fences  Pro Install Department Hardware Department  Window and Door Showroom  Drafting Services  Delivery Services 
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Financing Your Home

There are typically two parts to financing your home a construction loan and a permanent mortgage loan.  A construction loan is a short-term loan used to pay the bills necessary for construction while your home is being built. A permanent mortgage loan is activated at the completion of your project.

Many banks have a pre approval process to help you get started with both your construction loan and permanent financing.  Pre-approval usually requires:

  1. Two years federal tax returns and W2’s
  2. Current pay stubs covering the last 30 days
  3. A list of current liabilities

Once you and your lender determines what home loan amount best suites your needs, they will provide you with a step by step guide to the financing process.

 

 

Home building advice from the experts you can count on—Simonson Lumber Company

Remember two things will see you through your project: PROACTIVE PLANNING & PATIENCE.