Financing

FAQ item

What kind of loan do I need if I build with Truland?

Depending on where and what you build, the answer can be different from one custom home to another. In some cases, Truland Homes may carry the construction loan. For a more customized loan, a construction loan may need to be obtained. The good news is that most mortgage companies are happy to accommodate your needs.

What is Earnest Money?

Earnest Money is the amount of money a builder collects in order to execute the contract and start the building process. 100% of that money is credited back to the buyer at closing.

Do I need my down payment at the time I sign my contract?

No, but your mortgage company may require you to prove the ability to obtain that money prior to closing.