Financing
Yes, we said the “f” word. Sorry. Some might consider it inappropriate to mention when selling a service or product.
We like to be straightforward and address the pink elephant in the corner.
We know what a scary decision it can be to decide the best place for your family to nest. That’s why we like to offer some help based on our experience and if we still leave you with uncertainties, give us a call and we’ll make the new roof over your head a rewarding experience.
Steps to Financing your Hansman Custom Home
- Investigate different mortgage companies and banks to find the best services. Just like how houses need to mesh well with your lifestyle, so does your mortgage company or bank. Don’t be embarrassed to be straightforward with your budget and expenses.
- Establish pre-approval with a letter of credit.
- Earn Construction Financing- this is provided for you when Hansman Custom Home owns the lot or land.
- Pay deposit to start the building of your new home!
- Construction financing draws once monthly during the construction of your home.
- As boxes are being packed to your new address, Hansman will tally up the costs for a final bill.
Project Pricing Options
Option 1: Cost Plus
- Requires a 5% deposit
- Payment draws once monthly during construction
- Final Bill is delivered one month after completion
- Cost Plus offers greater flexibility for true custom homes
- Allowance are given to help customer track cost overages
- Billing starts only at 8% of cost
Option 2: Bid
- Requires a 20% deposit
- Payment draws once monthly during construction
- Final Bill is due upon completion
- Overages are due immediately
- Allowances are given
- Offers set final price if allowances remain
We know financing can be a bit stressful. If you have any questions, please feel free to contact us!
Loans
Handing Out … Advice
At seventeen, your father would float you a $10 bill for gas.
At twenty, you borrowed an amount for college.
In this day and age, there is nothing embarrassing about visiting a local bank or mortgage company to obtain financing.
That’s why we have some advice to share based on our experience and if we still leave you with questions, give as a call and we’ll help you the best we can.
Loan Options
Option 1: Lease/Purchase
- Did you know that you may rent for a period of time and have the rent applied to your mortgage? This works out well for first-time home owners or individuals who might have sold their house faster than expected!
Option 2: Owner Financing
- Certiain housing may qualify for financing through Hansman Custom Homes. We try to help you out, when we can.
Option 3: Rent
- We can help find a place to rest your feet. We offer certain housing for rent based upon availability.
Our Extended Hansman Custom Home Family
We have a couple of folks we trust and recommend for your home loan.
Boone County National Bank
720 East Broadway
Columbia, Missouri 65201
(573) 874-8535Landmark Bank
801 East Broadway
Columbia, Missouri 65201
(573) 499-7305Commerce Bank
901 East Broadway
Columbia, Missouri 65201
(573) 886-5600
If you have any questions about your future Hansman Home, please feel free to contact us!
