NEW CONSTRUCTION FINANCING
Understand builder financing incentives, rate buydowns, closing costs, and available mortgage alternatives.
Bryce Tralmer | Mortgage Loan Officer | NMLS #2712173 | Castle Hills Mortgage
Call Bryce: 469.215.4146
Many homebuilders offer financing incentives to help buyers purchase their homes. These may include closing-cost credits, interest rate buydowns, or other promotions. Some incentives require financing through the builder’s preferred lender, while others may be available regardless of your lender.
Closing-Cost Assistance
Builders may contribute toward eligible buyer closing costs, prepaid expenses, or other permitted financing charges. Contribution limits depend on the loan program and transaction.
Permanent Rate Buydowns
Builder contributions may sometimes be used to pay discount points that reduce the mortgage interest rate for the life of the loan.
Temporary Rate Buydowns
Some financing offers provide temporarily reduced payments through structures such as 2-1 or 1-0 buydowns. It’s important to understand when the payment increases and what the full payment will be.
Preferred-Lender Promotions
Builders may offer special financing packages through their preferred lending partners. Comparing the complete offer helps buyers understand the value of the incentive.
Builder incentives are subject to availability, contract terms, lender requirements, and applicable contribution limits.
COMPARE THE DETAILS
A builder’s preferred lender may offer an attractive interest rate or closing-cost incentive. But to understand the actual value, buyers should compare the full loan structure, including the APR, discount points, lender fees, mortgage insurance, and total cash needed at closing.
Interest Rate & APR
Evaluate both the mortgage rate and APR while understanding what each represents.
Discount Points
Determine whether the advertised rate requires upfront payments and how those costs affect the overall deal.
Closing Costs
Compare lender charges, third-party expenses, prepaid items, and applicable credits.
Monthly Payment
Review the full estimated payment, including principal, interest, property taxes, insurance, and applicable mortgage insurance.
Cash to Close
Compare the total funds required to complete the purchase after eligible credits and incentives.
Long-Term Costs
Evaluate the costs over the period you expect to keep the mortgage, not just the first month’s payment.
I can help you review available financing options and compare them with your builder’s preferred-lender offer so you can make an informed decision.
MORTGAGE SECOND OPINIONS
Few things are more frustrating than finding your new home, signing a purchase contract, and discovering that the builder’s preferred lender can’t approve your mortgage. A denial from one lender doesn’t necessarily mean every lender will reach the same conclusion. Different loan programs, underwriting guidelines, and income documentation requirements may create additional financing options. I’ll review what happened, identify potential alternatives, and help you understand whether there is a realistic path forward.
A SECOND LOOK
A second opinion starts with understanding what happened and what options may be available.
1. Review the Denial
Understand why the original lender couldn’t approve the mortgage.
2. Explore Alternative Financing
Evaluate other available loan programs, documentation options, and lender guidelines.
3. Review the Closing Timeline
Determine whether a financing solution may be possible within the builder’s required deadlines.
Not every declined mortgage can be approved. All financing remains subject to eligibility, documentation, underwriting, and lender approval.
New-construction purchases sometimes involve construction delays, changing completion dates, and longer periods between contract signing and closing. Your mortgage strategy should account for these possibilities.
Rate Lock Timing
Understand when an interest rate can be locked, how long the lock lasts, and whether extension fees could apply.
Construction Delays
Builder completion dates can change. Financing arrangements may need to be adjusted if the home isn’t ready on schedule.
Closing Coordination
Appraisals, final inspections, underwriting conditions, and the builder’s closing requirements all affect when a loan can close.
I’m Bryce Tralmer, a Texas mortgage loan officer with Castle Hills Mortgage. I work closely with new-home builders and buyers, particularly when financing becomes complicated or another lender can’t get a loan approved. My goal is to help you understand your options, compare the numbers, and navigate the financing process with clear communication from beginning to end.
Bryce Tralmer | Mortgage Loan Officer | NMLS #2712173
Castle Hills Mortgage | NMLS #262157
Whether you’re comparing builder incentives, shopping for competitive mortgage financing, or dealing with a lender denial, I’d be happy to help you evaluate your options.
Call Bryce: 469.215.4146
Email: bryce@castlehillsmtg.com
Bryce Tralmer | Mortgage Loan Officer | NMLS #2712173
Castle Hills Mortgage | NMLS #262157
Consumer Complaint: Consumers wishing to file a complaint against a company or a residential mortgage loan originator should complete and send a complaint form to the Texas Department of Savings and Mortgage Lending, 2601 North Lamar, Suite 201, Austin, Texas 78705. Complaint forms and instructions may be obtained from the department’s website at www.sml.texas.gov. A toll-free consumer hotline is available at 1-877-276-5550. The department maintains a recovery fund to make payments of certain actual out of pocket damages sustained by borrowers caused by acts of licensed residential mortgage loan originators. A written application for reimbursement from the recovery fund must be filed with and investigated by the department prior to the payment of a claim. For more information about the recovery fund, please consult the department’s website at www.sml.texas.gov.
The content provided within this website is presented for information purposes only. This is not a commitment to lend or extend credit. Information and/or dates are subject to change without notice. All loans are subject to credit approval. Other restrictions may apply. Mortgage loans may be arranged through third party providers.