From WOODTV 8 Website:
GRAND RAPIDS, Mich. (WOOD) – Last week, the U.S. Commerce department reported a 17% drop in new home sales nationwide, but some West Michigan builders said that’s not the case for several local communities.
Total housing permits for the Grand Rapids market are up 16% from one year ago; which may be surprising, considering the inventory of existing homes.
One builder said the boom is happening in a very narrow segment of the market…
…Read the rest of the article and watch the news segment by clicking here.
Whether our customers are building a new home or desiring to remodel their existing residence, it is important we start with the available funds for their project. Typically customers desire to gather all the information for their project and then seek financing. At Forest Hills Homes we start with the financing.
At Forest Hills Homes we have aligned ourselves with Founders Bank and Trust. Founders provides financing for new construction and renovation loans with as little as 10% down. Since we have done several projects with Founders our process is seamless.
Gregg Teegardin is a Residential Mortgage Lender for Founders Bank & Trust and a licensed loan originator in the State of Michigan. Greg has almost 10 years experience and is well versed in construction and lot loans.
Founders Bank & Trust offer a simple and aggressive construction loan program to help clients build their dream homes. We offer two types of construction loan programs. The most common one utilized by our clients is the two-step construction loan.
This program starts with an interest only construction loan, which is paid off with a conventional loan at the end of the construction. The other program is our perm construction loan. This is an interest only loan that converts to a portfolio loan at the end of construction. We pre-approve potential clients for financing, so they know how much of a home they can design with FHH.
Customer service for our clients is all about following up and following through. We make sure to do our due diligence upfront, so that there are not any unnecessary delays later in the design and building phases.