Happy Fall! As we prepare for the upcoming Parade of Homes, we are reminded once again that this year’s events will look a little different than the last. While many industries have crumbled under the restrictions brought upon us by COVID-19, the mortgage and housing industries continue to move along at full-speed ahead.
New home sales have increased year-over-year for the sixth straight month, surging to the fastest pace since 2006, according to the Census Bureau. My guess is that with everyone stuck at home, people have been itching to turn their home into their sanctuary. Couple that with a strain on resale inventory and buying a new home just makes sense. Newly built homes can provide buyers with open layouts, designated work and study space, modern technologies, and minimal maintenance that makes spending time at home with loved ones more enjoyable.
Plus, with interest rates at historic lows, buyers can push their budgets further.
At TowneBank Mortgage, we have a wide range of options for those looking to build their dream home, including fixed or adjustable-rate options for conventional and jumbo loans on primary, secondary, or investment properties. With limited inventory on the market, why not build a home that fits all your wants and needs?
Choose the convenience of a one-time close construction loan, or the flexibility of a two-time close, which allows buyers to change the features of their loan at the end of the construction period.
If you’re ready to get started on building your dream home, give me a call. You can rest easy knowing that you have a team of trusted, local professionals on your side when you use TowneBank Mortgage and Sandmark Custom Homes. I’m available to help walk you through the construction loan process from start to finish. With over 20 years of experience as a loan officer, I have the knowledge needed to help walk you through the construction loan process from start to finish.
Even if you just need advice, I’m here to help.
TowneBank Mortgage – Your Hometown Mortgage Lender.
NMLSR # 94785
Mortgage Loan Officer
P.O. Box 1578 | 4629 N. Croatan Hwy
Kitty Hawk, NC 27949
The information contained herein (including but not limited to any description of TowneBankcMortgage, its affiliates and its lending programs and products, eligibility criteria, interest rates, fees, and all other loan terms) is subject to change without notice. This is not a commitment to lend.