Кредитная компания Cardinal Financial упростила финансирование строительства домов для покупателей с любым кредитным рейтингом

Building a home can be exciting, but figuring out how to finance land, construction and a permanent mortgage can make the process feel complicated. Cardinal Financial’s Andrew Parker is helping simplify that process with one-time close construction loans designed to give more buyers a path toward new construction. As a producing branch manager, Parker said these products may be particularly valuable for buyers who do not have perfect credit or a large down payment. While traditional financing may be more cost-effective for buyers with excellent credit and substantial funds, Cardinal Financial’s construction options provide flexibility. “You don’t need an 800 credit score or 20% down with us,” Parker said. One-time close loans combine the purchase of the land, construction costs and permanent mortgage into a single loan, meaning borrowers have one closing and one set of closing costs. The loans can be used for manufactured, modular and stick-built homes, with options available through conventional, FHA and VA financing. For conventional loans, borrowers can qualify with credit scores of 620 or higher and as little as 5% down. FHA loans offer options for borrowers with scores of 580 or higher and a minimum 3.5% down payment. VA financing may allow qualified borrowers with scores of 580 or higher to finance up to 100% of the property value with no down payment. The loans feature fixed-rate terms, and borrowers make interest-only payments on construction draw amounts while their home is being built. FHA and VA borrowers also do not have to requalify after construction is complete. Whether building a manufactured home, modular home or traditional stick-built house, Parker encourages prospective buyers to explore their options before assuming new construction is out of reach. To learn more, contact Parker at 920-785-9300. Cardinal Financial – Andrew Parker is part of the Ripon Press Community Connect sponsored content program.