Identify the build and contract
Tell April whether you are buying a builder’s completed home, building on land you own, or purchasing land and then building. Financing structures can differ.
Building a home
Build the home. Plan the financing, too.
A new build has its own timing, contract, draw schedule, and decision points. Start the loan conversation early so the financing plan can keep pace with the project.
A personal plan
Your home goal.
Your next step.
Your next step.
1Tell us what matters
2Compare the trade-offs
3Choose how to proceed
Map the budget and cash flow
Review land costs, builder deposit, construction budget, contingency, upgrades, and reserves. Change orders or timeline shifts may affect overall cost.
Understand draws and inspections
Construction financing may release funds in stages as work progresses. Ask who requests draws, what inspections are required, and who pays interest during construction.
Know how permanent financing begins
Some programs combine construction and permanent financing; others require another closing or conversion. Confirm rate-lock timing, conversion requirements, and what happens if the build is delayed.
When to speak with April
Before signing a build contract is a useful time to compare the estimated payment, construction period, rate strategy, and what happens if the completion date changes.