New Construction with NO Construction Loan

Rural Development – 100% financing (if you are a qualified buyer)
Direct Program up to $160,000!

The Rural Development Program is based on your income and credit.
We will assist you in completing the initial loan application and fax it in for you.
Within a few days, you will know if you qualify.  There is no charge for the initial application.

Examples:
A 1% loan for $145,000, not counting tax and insurance escrow is about $ 435.
A 5.75% loan payment on the same amount is approximately $825.  

There is no PMI and depending on the program, you maybe able to roll some of your closing
cost in the loan.

Guaranteed Program – Rural Development
100% Financing and No PMI

Conventional Loan Programs

We can also do the new construction with conventional loan programs.  The upside to doing a
new construction with us is, that you do not have to get a construction loan.  The builder will
purchase the lot and carry a construction loan until you close.  Your part is, pick out a floor plan
and the contractor will get us an estimate.  You will then, with your agent, write a Contract to
Purchase, including a pre-approval letter.  



Plans and Lots

We have several different floor plans for you to choose from, and some changes can be made
prior to construction starting.  You will be able to pick out the color for the exterior and given an
allowance for flooring, lighting, and cabinets/countertops.

There are several different towns where the construction will be possible, with different square
footage requirements.

Already working with an agent? No problem, bring him/her/them along when we sit down to
start the process.  They will be included in the entire process.

The 100% financing program will also work with a resale home!


For more information contact:

Mike @ 618-210-8087

Charlene @ 618-334-5381

or by E-mail: themikefixteam@equity55.com

We look forward to working with you!
EQUITY FIFTY-FIVE REAL ESTATE
THE MIKE FIX TEAM
Contact The Team!

Mike Fix-210-8087

Charlene Huegen-334-5381


themikefixteam@equity55.com


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