Step-by-Step Guide to Financing Your New Home in Beaufort NC
When it comes to Beaufort NC real estate, look no further than Beau Coast West. Our coastal-inspired homes include beautifully crafted cottages, elegant townhomes, and spacious single-family homes, complemented by appealing amenities and an ideal location. To help make your coastal home a reality, here’s a step-by-step guide to help you finance your new construction home at Beau Coast West.
- Mortgage Pre-approval
The first step to take – whether you’re buying one of our move-in-ready homes or building one from scratch – is to get a mortgage pre-approval. With the information that comes with pre-approval, you can determine an estimated budget, monthly payment, and the type of home loans available. This makes it easier to then choose the right floor plan and other details. Working with our preferred lenders can further help you streamline this process. - Purchase Agreement
Once you’ve chosen a home, you’ll need to review and sign a purchase agreement contract. At this point, you’ll need to put down earnest money, which will go toward your final balance due at closing. - Complete Loan Application
At this point, you and your lender will work to complete your loan application process, preparing any necessary disclosures and documentation. You’ll also have a clearer understanding of estimated costs, home loan terms, and other key details. - Loan Processing and Underwriting
Before you get to this point, make sure you have all of your necessary documentation, preferably digitized. This includes bank statements, pay stubs and other financial records necessary for the underwriter to ultimately issue your loan approval. - Construction Begins
Now is when all of the plans and paperwork start to come together to make your home a reality. During the building process, there will be regular updates, as well as official inspections before the drywall goes up and after construction is complete, as well as the final appraisal for the lender. - Closing
Once construction is complete and the appraisal is done, your loan will go through the final underwriting and if no additional documents are needed, you’ll get the green light to close on your new home. You’ll go through a final walkthrough before closing, your lender will send a final breakdown of costs, and you’ll go through the last round of signings and finally receive the keys to your brand new home.
From outdoor porches to airy, light-filled interiors, the homes at Beau Coast West capture the essence of coastal living. If you’re in the market for Beaufort NC real estate that is both a smart investment and a great place to call home, Beau Coast West is just the place for you. To learn more about our wealth of amenities and exceptional homes, reach out and contact us today.
