Financing your Paragon custom home doesn’t have to be difficult. Paragon’s reputation has helped us build relationships with some of the region’s top lenders in new construction, and they treat Paragon customers very well.
Borrowing money for new home construction is a little different than getting a mortgage. Financing a land purchase, construction and then the finished home are sometimes handled as separate transactions, but there are also many great banks in Pittsburgh who help to streamline everything.
Owning a lot puts you at an advantage, as many banks will consider the land value as a down payment. From there, obtaining a construction-to-permanent loan simplifies the process and costs involved with closing loans once your house is finished.
While it seems like there is a lot to know, Paragon can walk you through the process of financing your custom home, and refer you to lenders preferred by many of our past clients.