When you partner with Welcome Homes, a $5,000 deposit is required and refundable throughout the application process until the closing date. At closing, you can choose to deposit the money or apply it towards your down payment.
Our team connects you with our preferred lender for the best mortgage rates and will streamline the process. You are under no obligation to work with our partner. If you have a bank you prefer to work with, you may certainly do so.
Unless paying with cash, a construction loan is required to build your new home. After the construction loan is finalized and the building commences, any unforeseen increases in cost are Welcome Homes’ responsibility. Your 100% price guarantee means no additional fees. Whether there is a change in labor cost, materials, or something unexpected, Welcome Homes covers all additional costs, unusual in home construction. Once the home is finished, the construction loan automatically converts into a permanent traditional mortgage.
Rest assured Welcome Homes is your companion throughout the financing process from underwriting to closing.