Financing Simplified

 

Financing

We’ve heard that home is where the heart is, and Lockridge agrees!  You’re going to fall in love with a new home that is built on your land, the way you want it.

At Lockridge Homes we make building a new home affordable, with floor plans and options that fit almost any budget.  For many people the idea of financing the construction of their new home can be a little overwhelming.

Questions we hear:

How does a construction loan work?

How does land financing work?

Can I use VA or FHA financing?

Do I make payments while my home is under construction?

Will I qualify for a construction loan?

The truth is, the answer to these and other financing questions will vary based on your specific situation.  Just like the Lockridge home you picked out is just right for you, the same will be true for your financing.

Lockridge thinks building a new home should be affordable, simple and fun.  That’s why we’ve partnered with several lenders who specialize in on-your-own-lot new home construction and they offer financing solutions that can work for you, including:

Construction loans that convert to your permanent loan once your home is completed.

FHA, VA and other loan programs.

Dedicated mortgage loan specialists who can walk you through each step of the process.

Get started by going to the My Budget section of your Lockridge Account!

Want to know more, or have questions about building a new Lockridge home?  You can Ask Helen our online liaison, contact your local Model Home or like us on Facebook

Lockridge is an on-your-own-land new home builder in Virginia, North Carolina, South Carolina, Tennessee, and Georgia. (see all our Model Home Centers).  We offer a full service website that allows you to choose floor plans, get complete price quotes, get prequalified for a mortgage, and more.  For more information visit our website or email us.

 

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