Q
What are Specs?
A
A Spec is a home that is ready to contract, usually finished or in the process of being built.
Specs are finished homes that come with the advantage of moving in sooner! However, they typically cannot be changed or personalized like pre-sales.
Specs are finished homes that come with the advantage of moving in sooner! However, they typically cannot be changed or personalized like pre-sales.
Q
What is an Interest Rate Buy-Down?
A
An interest rate buy-down lowers your interest rate temporarily.
By lowering the interest rate, the monthly payment is also lowered. Buyers can use this time to save money for a refinanace.
By lowering the interest rate, the monthly payment is also lowered. Buyers can use this time to save money for a refinanace.
Q
What are Preferred Lenders?
A
Windsor Homes preferred lenders are loan companies that partner with us.
Working with the same lenders speeds up the process and makes it easier for everyone involved, including the buyer!
Working with the same lenders speeds up the process and makes it easier for everyone involved, including the buyer!
Q
What are Closings Costs?
A
Closing costs are paid at closing for your mortgage.
These costs arise through the process of creating your loan.
Closing costs covers fees such as appraisal and searches on your home’s title. Specific closing costs depend on type of loan and location.
Closing costs covers fees such as appraisal and searches on your home’s title. Specific closing costs depend on type of loan and location.
Q
What is a Pre-Sale?
A
Pre-sale is when you buy a home in advance, before it is built.
This allows the buyer to choose color palates, materials, structural options, etc.
This allows the buyer to choose color palates, materials, structural options, etc.
Q
What is a Bridge Loan?
A
A bridge loan provides funds to make a down payment on your new home before you have sold your current home.
Get funds to make a down payment on your new home. After your current home has sold, you pay off the bridge loan. This eases the transition between homes.
Get funds to make a down payment on your new home. After your current home has sold, you pay off the bridge loan. This eases the transition between homes.
Q
What is a HERS Rating?
A
Home Energy Rating System. A HERS rating is a measurement of a home’s energy efficiency.
The score has a baseline of 100.
Lower HERS scores indicate greater energy efficiency. A higher score indicates less energy efficiency.
Lower HERS scores indicate greater energy efficiency. A higher score indicates less energy efficiency.
Getting Started
Begin The Process
We Make it Easy!
Buying a home is one of the most important decisions you will ever make.
This process can be overwhelming, particularly for the first-time home buyer.
Allowing one of our experienced New Home Consultants to guide you through this
process can make your home buying decision easy and enjoyable.
First Steps
Let Our Team Guide You!
We can guide you through the steps of owning a new home from mortgage loan application
to choosing the colors for your new kitchen. With the help of our knowledgeable team,
we are certain your home buying experience will be as satisfying as it will be easy.
Find communities near you, and the floor plans that are offered
to discover your options.See our locations.
Talk to one of our Preferred Lenders about your financing options to determine what will work best for you! Get Pre-Qualified today!
Contact one of our sales agents to discuss options and desires, ask questions,
and create a plan to buy your home.
Contact a Windsor Homes New Home Consultant today to begin the journey of a lifetime.
Buyer Checklist
Loan Application Process
Your Preparation + Our Preferred Lenders = Quick and Easy!
In order to start the mortgage loan application process,
there are several pieces of information that you will need to provide to your lender.
Here is a list of items that you will need to gather in order to secure final loan approval:
*Please note that this list is typical; other items or less information may be needed
depending on your lender and your personal credit history.
- Last 30 days of pay stubs
- Last 2 years of W-2 forms from your employer (or tax returns)
- Last 2 months of bank statements
- A list of personal assets
- Proof of employment for last 2 years