A KIND VALUE FINANCING
require buyers to secure a construction loan before construction on a new home will begin. The builder draws on this loan while the home is being built. The buyer makes interest payments on this loan during that same period. The interest rate on a construction loan is higher than that of typical mortgage loan. A construction loan requires that the buyer close on the loan prior to construction beginning, which requires even more cash out of pocket to pay for closing costs.
however, has the financial stability to build without requiring a costly construction loan.
This alone saves our customers close to $5,000 out of pocket in interest expenses alone on a $250,000 loan.
Closing costs are the funds required to transfer ownership of the new home to the buyer. These costs are the sum of a number of fees including: recording fees, inspection and assessment fees, credit check fees, and attorney fees among others.
Mitchell Homes pays all of these closing costs!
This saves our customers nearly $10,000 on a $250,000 loan.
what are you waiting for? Now’s the time to start
designing and building your dream home on your lot
in Virginia with Mitchell Homes. Not only will you
enjoy all of the features that set us apart
from other homebuilders, you’ll experience the best
advantage we have to offer – Savings.
Custom Built Your Way,
On Your Lot
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