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New Home Financing Process

New Home Financing Process

Finance Your Brand New GW Homes Luxury Home in 3 Easy Steps!

There are a variety of ways to finance the construction of your new home. At GW Homes, we use Construction-to-Permanent Mortgages (aka CP Loans). These three-stage mortgages allow you to lock in your interest rate and close your loan before construction begins. There is only one closing, and no need to re-qualify for the permanent phase of the loan.

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Financing - New Homes Gainesville FL

Step 1: Application & Decision

During the application/decision stage, your Mortgage Loan Originator (MLO) will help you understand the different CP loan options, gather the appropriate documentation, submit your application, and notify you of the bank’s decision.

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Step 2: Building & Disbursement

The building and disbursement stage coincides with the construction of your home. Loan funds are disbursed based on the terms of your Construction Loan Agreement and draw schedule.

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Step 3: Conversion

In this stage, your loan is converted from the construction phase to the permanent phase. Conversion marks the beginning of your permanent loan, when you begin making regular mortgage payments.

Ready to Learn More?

Read more about Mortgage Terms You Should Know on the GW Homes blog, or review our list of Preferred Mortgage Lenders.

When you are ready to set up financing, contact your mortgage provider for more detailed information about Construction-to-Permanent Mortgages. Not all CP loans are the same, so ask your MLO about which loan product is best for you.

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Find Your Home

Our Communities
Amariah Park
Laureate Village
Build on Your Lot
Model Homes, Virtual Tours
Quick Move-Ins

OUR HOMES

Our Home Collections
Merit Collection
Garland Collection

About GW Homes

About GW Homes
Our Rebranding Story
Meet Our Team
Blog

How We're Different

Why Buy New?
Energy Efficiency
Climate-Sealed Home
Smart Home Technology
Home Buyer's Warranty
Partners & Vendors
Photo Gallery
Videos
Testimonials

Home Buying Steps

Path to Ownership
Reserve Your Lot
Designing Your Home
Financing
Preferred Lenders
Lunch & Learn Meeting
FAQs

Contact Us

Contact Us
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Realtors
Warranty Request
Online Payment

Get Started

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