Types of Financing for Owning a Home Part 3 of 7: How to Build a Custom Home!
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Welcome to a New Series here on Realty Check with Trish Williams! For the next few weeks, Trish will be having guests on to talk about Financing Home Ownership. What does this really mean you ask? Well, are you interested in buying a home but then think to yourself, "I don't have the money for that!" Well, it turns out you might.
Today's episode is part 3 of 7! Trish welcomes Brent Wood of WAFD Bank! He's here to tell us all about how to get money to buy vacant land and have a custom home built for YOU. Thanks for watching!
Brent Wood
702-629-9555
[email protected]
00:00 Introduction
00:27 Our guest Brent Wood
00:40 Inventory Shortage!!! So What Do I Do?
01:38 Do I Need Cash Upfront to Build a Custom Home, my DREAM HOME?
02:17 First Step, FIND THE LAND!
02:55 How Do I Find the Money to Buy that Land?
05:00 Do I Have to Start Building Right Away?
06:20 Is There Criteria the Land Needs to Meet in Order for me to get Money to Buy it?
09:48 You Must Find Land in WAFD Range...and this loan from WAFD will roll into the Construction Loan for the Building of the New House
11:30 2 Year Interest Only Loan
12:00 Okay I Qualified for the Land Loan.....Now What?
15:50 A Construction Loan is Similar to a Conventional Loan for a House
19:58 Is There a Limit to What You Can Do to the House while it's being Built?
22:10 How long is this going to take??
23:50 Am I Making Payments while the House is Being Built?
25:00 Can I Live on the Land while the House is being Built?
30:50 Does WAFD do Commercial loans too?
32:00 How do I Contact Brent with Questions?
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Trish Williams Team
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