Blog & Industry News

Tucson Custom Land and Lots: A Turnaround Begins

This time of year I always find myself thinking about the state of Tucson’s vacant land market; where it has come and where it seems to be headed. I realized that for the first time in the last few years, I’m feeling happily optimistic going into 2017.  
 
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Exploring Downtown Tucson’s Boundless Revitalization

To some, Tucson may seem like a quaint city with a bit of charm, but to those in the know, Tucson is quite the exciting city. Multi-million dollar constructions, award-winning restaurants and chefs, first-rate art galleries, a world-class university, and countless cultural institutions have all lent their hand to putting Tucson on the map.
 
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Should You Buy or Should You Build? Pros and Cons

When most people consider making a move to a new home, they envision the home of their dreams, then hit the Internet and begin searching for houses on the market that is close to that vision. Still, there are others who are not willing to find the already-built home which comes close to the house they can visualize clearly in their minds, and instead choose to create the home of their dreams from the ground up.

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Ready to Build your Custom Home? It's time for a Construction Loan

You’ve decided to build your dream home and now it’s time to pursue a construction loan.
 
Whether you own you lot or need to purchase a lot, Prime Lending can help. If you already own your lot, we can use lot equity and apply it to the down payment requirement on your construction loan. For example, if your lot value is $100,000 and you owe $40,000, you will have lot equity of $60,000 to apply to the down payment requirement. The down payment on a primary home is as little as 10% on the first home and 20% on a second one.
 
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How to Stay Organized During Your Home Build

You’ve been working incredibly hard to find that perfect plot of land to build your dream house. After months of research, applications, builders’ contracts, and approvals, you are finally ready to see your new house take shape.

Most builds take much longer than anticipated, and the average single family home build can be anywhere from 7 months to 9 months. With the process taking nearly a year to complete, it can be a bit of a challenge to track the build and stay organized throughout the process, especially if you are building a home that is wall-to-wall details.

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The Basics of a Home Builder’s Contract

Purchasing a perfect plot of land and envisioning your future home build is one of the most rewarding benefits of building your own home. Not only do you have complete control over the design details and features of your new home build, but you also have the privilege of seeing your home constructed from the ground up, slowing coming to life right before your eyes.

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Is a Lot Loan Right for You?

Ready to buy the perfect piece of property for your dream home, but not quite ready to build? You should consider obtaining a lot loan, A lot loan allows you to secure the property now, while giving you the time to plan and prepare for your dream home.

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