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Financing
Financing New Construction: A Plain-English Guide
PLACEHOLDER ARTICLE COPY. Financing a house that doesn't exist yet works differently than financing a resale. Here's the short version.
Builder lender vs. outside lender
Builder lenders often carry the incentive money, which can make them the cheapest option even at a slightly higher rate. Always get one outside quote to price the difference.
Rate locks and extended locks
- Standard locks may not cover a 7–9 month build
- Extended locks cost money but cap your risk
- Float-down options let you capture a drop — read the fine print
If rates move mid-build
Your payment estimate changes, not your contract price. Run the numbers again with our payment calculator and talk to us early if the monthly number stops working.
Placeholder article content. Details, incentives and builder terms change frequently — verify current terms with the builder or with Brian & Holly.