Financing Options:
a. Mortgage Loans: The most common way to finance a new home purchase is through a mortgage loan. Banks, credit unions, and other financial institutions offer various types of mortgage loans, such as conventional loans, FHA loans, and VA loans. Each loan type has different requirements and eligibility criteria, so it’s important to research and compare them to find the best fit for your needs. Costa Verde Homes work with an experienced and knowledgeable lender who can guide you through the lending process.
b. Down Payment: Lenders typically require a down payment, which is a percentage of the home’s purchase price that you pay upfront. The amount of the down payment can vary depending on the loan type and lender. It’s advisable to save for a down payment in advance to increase your chances of qualifying for a mortgage and potentially securing better terms.
c. Pre-approval: Before you start searching for a home, it’s a good idea to get pre-approved for a mortgage. Pre-approval involves a lender evaluating your financial situation, and creditworthiness, and determining the maximum loan amount you qualify for. Having a pre-approval letter can strengthen your position as a buyer and make your offer more attractive to sellers.
Seller Concessions:
Seller concessions are negotiable terms in a home purchase agreement where the seller agrees to contribute financially to the buyer’s closing costs or other expenses. These concessions can help reduce the upfront costs for the buyer. Costa Verde Homes (CVH) is committed to tailoring their concessions to the individual home buyer. Common types of seller concessions include:
a. Closing Cost Assistance: CVH may agree to pay a portion or all of the buyer’s closing costs, which can include loan origination fees, appraisal fees, title insurance, and other expenses associated with the home purchase.
b. Interest Rate Buydown: CVH may be willing to pay a portion of the buyer’s interest rate thereby saving the buyer substantial money over the life of the loan.
c. Price Reduction: Another form of concession is a price reduction, where the seller lowers the purchase price of the home to offset some of the buyer’s costs.
d. Appliance Packages: CVH has several appliance packages in Retreat at Mountain View Ranch available depending on the buyer’s needs. Appliances include a refrigerator, washer, and dryer.
To get accurate and up-to-date information on their offerings in Retreat at Mountain View Ranch in Casa Grande, please reach out directly to Costa Verde Homes
