Financing Your Build
Madison Homebuilders works with a number of nationally known lenders who know us well. We can introduce them to you or we can work with your lender if you prefer. You’ll save thousands when you choose Madison Homebuilders.
What do we mean when we say:
“No Construction Loan Interest” and “We Pay Closing Costs?”
We mean Savings for YOU!
Typical $180,000 Construction Loan Costs:
“No Construction Loan Interest” and “We Pay Closing Costs?”
We mean Savings for YOU!
Typical $180,000 Construction Loan Costs:
(Used by a majority of other builders)
Loan Origination Fee @ 1%
$1,800
Appraisal
575
Credit Report
70
Lender Inspection Fees
375
Flood Certification Fee
30
Documentation Prep Fee
250
Construction Loan Commitment Fee
1,000
Title Search
250
Title Insurance Binder
450
Attorney’s Fees
600
Recording Fee
60
State Tax/Stamps
50
Final As-Build Survey
475
Construction Loan Interest @ 5.5%*
3,800
Total Savings for YOU!
$9,785
*Based on a 150 day build.
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For estimating purposes only. Actual monthly payments might include escrows for taxes and insurance.
In addition, most of our customers build with no down payment. On higher priced homes, it may be required to close up front for secure financing, even then, Madison Homebuilders charges no
Construction Loan Interest - we build all homes on the financial strength of our Company! At Madison Homebuilders, we are here to show you the way to home ownership!