CONSULTATION - CONTRACT - CONSTRUCTION 

• Consultation: Buyers will pick the house, lot, cabinets, features and fixtures.  You'll most likely get allowances for tile, granite and lighting to allow those to be chosen later.
• Contract: House, lot, upgrades and allowances will be clearly spelled out in a simple, detailed contract.  There's no pressure to sign today without all the costs and features agreed upon.
• Construction: We will then use the Contract documents to build your home, allowing Buyers to tie-up the majority of loose ends prior to permit being issues.

KNOW YOUR COSTS BEFORE YOU SIGN A CONTRACT!
Signing a contract before going to the "design center" is the number one way to run up the costs on your new home.  It's crucial to know all the details before getting locked into an open-ended agreement with a builder.  Everyone's "standard" is different.


CONSTRUCTION FINANCING OPTIONS FOR NEW CONSTRUCTION:
Builder Financed: Merrifield Homes will finance any construction project.  This means:

• No up-front lot purchase necessary.  Merrifield will buy or build on any lot.
• No closing costs.  No interest. No bank fees. No up-front appraisals. No points.
• No hassle.   Building is stressful enough for most home buyers.
• Upfront deposit and mortgage financing commitment required

Bank Financed: If a buyer prefers getting a construction loan

• Merrifield Homes will work with bank for all approvals and draws.
• Provide any necessary documentation, lien wavers and insurance documents.
• More hassle, more cost, but optional to buyers that have existing banking relationships.

Permanent Financing:

• Merrifield Homes LLC works with a variety of lenders to offer best-rate mortgages.
• Closing cost assistance available.
• Pre-appraisal of VA loans required.  Available for new construction!