This informational session will guide home builders and realtors through the advantages of the FHA One-Time Close including interim financing, overcoming credit line and cash flow barriers in the construction process, low downpayment options for buyers, no cash investment options for buyers, land equity, the pool of buyers, the draw schedule, construction times, and more. During this session attendees will learn the distinctions of the one-time close, the benefits, and how FHA fits into the picture.
Interim financing has become increasingly concerning for many home builders and for their buyers. For home builders, the extension of credit lines for their construction projects isn't as simple as it was in years past. In addition, home buyers are met head on with challenges including loan-to-values typically 80% or less, credit scores that exceed what is traditionally considered good credit, and reserve requirements that mandate six or more months.
Registration is required.
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Weststar Mortgage is a direct lender that specializes on tailoring solutions that traditional lenders and banks consider outside-the-