Blog & Industry News

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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Tucson CSAs Meet Your Growing Needs

There is something uniquely satisfying and appealing about being a part of the network of growing food. Being able to know exactly where your food is grown, as well as the people who toil day in and day out farming and harvesting the land, is the very best way to ensure that you and your family are getting the absolute best in healthy and nutritious food.
 
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Building a Custom Home on your Lot

As the Owner of Sombra Homes, a local homebuilder in the Tucson area with almost 30 years of experience, I have built hundreds of custom homes. It has been a truly rewarding experience to work with the many customers we’ve had over the years.
 
Building a custom home starts with the lot. It is important to work with a knowledgeable real estate agent in conjunction with the homebuilder. Remaining within your budget begins with the lot. Lot preparation and accessibility to utilities can have a huge impact on costs.
 
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Building a Home That’s Solar Panel-Ready

Solar panel installation has been a booming industry for more than a decade, and every year more and more families plan to offset their electrical costs and utilize green energy by installing rooftop arrays. For those of us who are fortunate enough to build our own homes, we have the added benefit of building with solar panels in mind instead of having to fit them into existing roof structures. 
 
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