How much out-of-pocket money will this entire application and property purchasing process require?
$2,000.00 • Where are these homes being built? Hernando County, the City of Brooksville, in a thriving area called Royal Highlands, which is located off the new Sun Coast Parkway, connecting this area directly to metro Tampa. • What kinds of homes are being built? High Quality Concrete Block, Single Family Homes ranging from 2,000 to 3,200 square feet in size. • Will I have to make any payments during the construction period? No, the interest payments are rolled into the construction loan. • What Type of Loan is used for the purchase? Construction to Permanent Loan; a Construction loan will be used to finance the purchase of your building lot, home construction, construction financing, along with closing costs to establish your final permanent mortgage. Zero payments are required during construction. Once the construction of your home is complete and the home is delivered, your loan will modify from a construction loan to a permanent mortgage loan. The entire process will be one seamle
