Imagination to realization—in six steps. Here’s how to f inance the home you’ve envisioned.
One: Talk to your CB&T mortgage loan officer about your plans, timelines, location, size and design specifics. Apply for pre-qualification.
Two: Purchase your lot or identify your location, then partner with an architect or design-build firm. Have your architect and builder complete plans and provide a cost breakdown so you can lock in your interest rate with CB&T.
Three: We’ll order an appraisal of your home based on your completed plans and detailed documentation of costs from your builder, as well as finalize the builder validation and loan approvals.
Four: Attend a closing with an escrow company after your loan is processed. Your project will be inspected on the same day to ensure work hasn’t yet begun—this will prevent unnecessary delays later.
Five: Your builder will submit “draw requests” on your loan as work progresses. We’ll be on-site to ensure the work completed matches the request for funds.
Six: Upon completion of your home, we’ll prepare a modification agreement that converts your loan to permanent financing.
LUXURY HOME LENDING
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