Caruso Homes For Sale Lots Packaged By Skip Young Realtor

Steps to take when buying a Caruso Home on Your lot

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Step 1

Find the Right Lot.


The greatest benefit to building On Your Lot is the flexibility to choose a location exactly where you want to live--want to be near the grand kids, in a specific school district, or prefer something farther in the country--it’s up to you! When searching for the right home site, there are many questions to consider: Is the lot flat or does it have steep grades? Are there a lot of trees to be cleared? Will it be an in-ground or walkout condition? Does it have water and sewer available or will it have a well and septic? Will the home you want to build fit on the lot? We can help you answer these and other questions pertaining to the feasibility of the lot.

Step 2

Decide on a Home/Floor Plan and Options.

Explore our Available Home Plans to determine the type of homes that suit your needs. Do you want a 1-story or 2-story? How many bedrooms and bathrooms are needed? Create your wish list of options and features and then use our Floor Plan Designer tool to design your ideal home.

Step 3

Get an Accurate Cost to Build.

A representative from Caruso Homes will determine the placement of the home on the property and identify what site improvements are needed. A cost estimate can then be developed which includes three critical elements: 1) The cost of the lot; 2) The price of the home (Base price + options/upgrades); and 3) The lot finishing (permitting, driveway, utility installation, site clearing, etc.).

Step 4

Apply for Financing.

Meet with a mortgage consultant to start the financing process. Caruso Homes has relationships with multiple lenders that specialize in construction-to-permanent loans to guarantee that you receive the most competitive terms and conditions. They can even pre-qualify you before you start your home search.

Step 5

Pre-Construction Meeting.

Before construction begins, you will meet with our construction team to review the plans and selections for your new home. At this meeting you will receive a timeline of the building process, identifying key points in the building cycle.

Step 6

Construction.

During construction your personal Caruso Homes project manager will be available to address any concerns or questions you may have. Throughout the construction process your home will go through a series of county inspections, as well as our own quality assurance inspections, to ensure that your home is built to the highest standards

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Step 7

Pre-Closing Orientation.

Before going to settlement, you will meet your project manager for a walk-through orientation to demonstrate the operating procedures and quality features of your new home. We will also identify any punch out items that need to be corrected and review our warranty procedure.

Step 8

Settlement.

Congratulations! It is time to go to final settlement where you will approve the final paperwork and receive the keys to your new home. You will also receive information about our warranty program and service procedures. You are now ready to move into your beautiful, new Caruso Home and start making memories!

Financing your Caruso Homes On Your Lot with Susan Turner

In today’s market the majority of Custom Home construction is financed through a construction-to-permanent loan. With flexible terms, highly competitive rates and fast closings, construction loans are the most popular choice for financing your new dream home. Our preferred lenders have a full range of the best financing programs available today and are dedicated to helping our customers enjoy a stress-free financing process. They can even pre-qualify you before you start your home search. To get started, just contact one of our preferred lenders below.

What is the Construction to Perm loan with Caruso Homes?

A Construction-to-Permanent mortgage allows you to finance the construction of your new home while it is being built. You will lock in your interest rate and settle on the loan before construction begins. During construction, the bank will make payments or disbursements to the builder at each stage of the building process based on a pre-approved draw schedule and inspections. When the home is completed, the loan will convert to a permanent mortgage and you will begin making regular mortgage payments.

Benefits to using a Construction to Perm loan to Build your Caruso Home

  • Save time and money
  • Construction-to-perm loans combine construction financing and mortgage financing into one loan. With only one closing, you save the time and additional costs of a second closing.
  • Can offer security by including a loan rate protection option “rate lock or float down option.”
  • Allows you to prepay without penalty.
  • You are charged interest only on funds as you use them until the completion of your home then the loan will be refinanced into a permanent loan.
  • Interest paid on construction-to-perm loans while the home is under construction is tax deductible on your current year taxes.
  • Reputable and professional loan officers will be there to guide you through the entire loan process, providing the highest level of support and ensuring all your questions are answered.

Begin your loan process

Susan Turner

Mortgage Loan Originator

(301) 651-2174

TurnerR@fnb-corp.com

Apply Online

Caruso Homes Packaged by Skip Young if you have Land we sell

Skip Young Affiliate Companies

A Team to Be Successful. You have to depend on each other.

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