Once any and all closing conditions have been met, your loan can be prepared to “close.” This is the time when closing costs are paid, loan documents are signed and any loan balance associated with your land is paid off. Following closing the construction of your home typically begins.

Please keep in mind:
• You will be asked to sign an Acknowledgement of Modification Fees. This is an estimate of fees to be paid upon completion of your home, when your loan modifies to its permanent phase. Actual fees will be computed and due at the time of modification
• Though closing costs vary, they typically total between 4% and 6% of the loan amount

Log Home Financing Steps:

Learning Center

Get Pre-Qualified

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Apply for a Mortgage

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Mortgage Approval

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Create Disbursement Schedule

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 Mortgage Closing/Settlement

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Home Construction

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Modifying to a Permanent Mortgage