Advanta Homes works with a variety of local banks and mortgage companies to provide construction financing for your new home. Their one time close provides for the lowest fees available keeping the closing costs (which can be financed) to a minimum. The construction draws will insure you only pay the interest payments on the balance of the money you use during the construction period.  Your construction loan will be very similar to a credit line or credit card that would require no balance reduction while your home is being completed. They offer the financing needed to acquire your land and complete your new home. Following the completion of your home, the construction loan will convert to a 15 or 30 year term with a fixed rate and payment that you will be comfortable with.

Mortgage programs that are available:

Construction to Permanent Financing. First Time Buyer Financing available. No Money Down Programs for Purchases. No Income Verified (NIV) for those that qualify. Working with appraised value - No Mortgage Insurance All typical Fannie Mae & Freddie Mac Available