Valley Homes is here to help you with your financing needs. Throughout the years, we have worked with many industry lenders and local banks so we are familiar with the programs available.
Home Only Loans:
Are you planning to place your home in a community or on a rented site? This would be the loan for you. Our lenders can get you into your new home with as little as 5% down.
Do you own land or want to purchase land? Valley Homes will combine all your site work (foundation, well, septic, utility hook-ups and more), including paying off your existing land mortgage or the complete purchase price. There are different types of construction loans available to our customers.
Conventional Loans are offered by banks and credit unions. These loans usually require a down payment. The amount of the down payment is determined by the lender and land equity may be used as a down payment.
FHA loans are insured by the Federal Housing Administration and administered by FHA approved lenders. Since the loans are 100% covered in case of mortgage default, FHA offers lower down payments, typically around 3.5%.
VA loans have many advantages that make it one of the most appealing paths to home ownership. This great program is reserved exclusively to those who bravely served our country and select military spouses. Valley Homes has various construction lenders who will service the loan until the construction is complete, then place it with VA.
* Please call or email us today with questions or to get pre-qualified.