In the current economy, many people considering custom home construction may have questions about obtaining financing. One of the best ways to be financially prepared for the construction of your new home is to obtain a preapproval from a lender. By obtaining a preapproval, you will have a written commitment from the lender to finance the construction of your home up to a specific amount. The lender will take a number of factors into consideration to arrive at your preapproval amount, including your current income, debt, and credit rating.
This can be tremendously helpful as you begin thinking about specifics regarding the construction of your new home in Austin or the surrounding area. Not sure how much square footage you can afford? Wondering whether adding a garage is in your budget at the moment? By obtaining a baseline budget from your preapproval, you will be in a much better position to work with your new home builders in Georgetown, TX to design a custom home that meets your needs and your budget.